Sprint's corporate parent SoftBank had maintained a large office in Silicon Valley, assuming that Sprint was going to merge with T-Mobile. Even after SoftBank decided that it wouldn't be able to sneak the deal past U.S. regulators, there was hope that some sort of combination could be made. SoftBank had purchased Sprint last year in a $22 billion acquisition, and had hoped that a purchase of T-Mobile would allow it to take on Verizon and AT&T.But now, the Japanese company is calling it quits. It has started to downsize the Silicon Valley office and is sending development engineers to ...
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