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Buffett, Malone explore investment in Sprint: sources

Masayoshi Son attends a news conference in Tokyo, Japan, February 8, 2017.

Toru Hanai

(Reuters) - Warren Buffett's Berkshire Hathaway Inc and John Malone's Liberty Media Corp are exploring an investment of between $10 billion and $20 billion in U.S. wireless carrier Sprint Corp, people familiar with the matter said.

Masayoshi Son, the chief executive of Japan's SoftBank Group Corp, which controls Sprint, met Buffett and Malone separately this week at an annual gathering of business and media moguls in Sun Valley, Idaho, the sources said on Friday, confirming a report in The Wall Street Journal. Sprint CEO Marcelo Claure is also involved in the negotiations, the sources said.

Berkshire Hathaway is considering an investment of up to $20 billion in Sprint, while the amount that Liberty Media is looking to invest is not yet known, the sources said. Talks are in the early stages and could still fall apart, the people added.

Shares of Sprint closed up 4.3 percent at $8.55 on Friday. The company has a market cap of $32.75 billion.

Sprint and SoftBank declined to comment. Berkshire Hathaway and...


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