Sep 22, 2017
Trump: "The Russia hoax continues"
Go deeper: Background on the Russian operative-purchased Facebook ads, which will be turned over to Congress.
Go deeper: Background on the Russian operative-purchased Facebook ads, which will be turned over to Congress.
Illustration: Rebecca Zisser/Axios
T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.
Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.
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Photo Illustration: Sarah Grillo/Axios. Photo: Chris Graythen/Getty Images
Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices.
Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets.