Sprint has reportedly approached Warren Buffett about an investment (S)
Sprint Chairman Masayoshi Son approached Warren Buffett to discuss a deal with the telecoms company, according to The Wall Street Journal's Ryan Knutson and Shalini Ramachandran.
Son also met with John Malone, the cable mogul, the report on Friday said.
The Journal reported that details of the deal are still unclear, but could be an over $10 billion investment in Sprint from Berkshire Hathaway.
Spring shares gained more than 3% after the news crossed.
Amid fierce competition among the largest telecommunications companies, the chief financial officer of T-Mobile had said the company would benefit from a merger with Sprint.
More to come ...