The Wall Street Journal: Charter says no thanks to Sprint megamerger

Charter Communications Inc. said it isn’t interested in buying Sprint Corp., rebuffing a gigantic merger offer and ending several weeks of deal talks between the media and communications companies.

Sprint S, +0.24% proposed a merger with Charter that would create a massive new entity controlled by SoftBank Group Corp. 9984, -1.96% , Sprint’s parent, the Wall Street Journal reported Friday.

On Sunday, Charter said it isn’t interested in the deal and indicated it would stick with an existing wireless reseller agreement with Verizon Communications Inc. rather than switch to one with Sprint. The announcement effectively kills the possibility of any deal between Sprint and Charter any time soon.

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