Sprint Holds Talks With Billionaires Buffett, Malone, WSJ Says

Sprint Corp (S) Stock Jumps on Warren Buffett Buzz

The Japanese billionaire held separate talks with Buffett and Malone at the annual Allen & Co. gathering in Sun Valley, Idaho, the Journal reported, citing people familiar with the matter.

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. Talks are at an early stage, and details around any possible investment in Sprint are unclear at the moment.

Sprint shares are getting a boost on Friday.

The billionaire investor and head of Berkshire Hathaway Inc.

Sprint and SoftBank declined to comment.

More news: India refused China offer of meditation

The Malone company is the biggest shareholder in No. 2 USA cable company Charter Communications Inc. T-Mobile shares closed up 0.5 percent to $61.24 on Friday.

It's the latest deal intrigue for Sprint, which has also been linked to Charter Communications - a company partly controlled by Mr. Malone - Comcast and T-Mobile US.

Comcast and Charter in May agreed to a partnership that bars either company from entering into a material transaction in the wireless space for a year without the other company's consent.

It's no surprise that Son would talk with Malone, a media mogul who is chairman of Douglas County-based Liberty Broadband Corp.

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