Following last week’s report that claimed that T-Mobile and Sprint are reportedly close to agreeing to terms of a merger, more details on the negotiations have leaked.

SoftBank is willing to take a stock-for-stock merger that would value Sprint at or near its current market price, say sources speaking to Bloomberg. Originally, T-Mobile parent company Deutsche Telekom felt that Sprint shares should be valued significantly below their market value, but DT has recently told SoftBank that it’s willing to come up on their value.

A separate report from CNBC claims that T-Mobile and Sprint are entering due diligence in a stock-for-stock merger that would result in Deutsche Telekom being the controlling owner. The exchange ratio will reportedly be at market, and the companies involved hope to reach a deal by the third week of October.

These latest reports make it sound like this T-Mobile-Sprint merger deal is making progress, but nothing is set in stone quite yet. Any agreement that’s made will also have to get the green light from regulators, and while some have suggested that this administration may be receptive to a deal, it’s tough to know what’ll happen unless a deal is struck.

What do you make of this news? Do you think a T-Mobile-Sprint merger deal is going to happen?

Sources: Bloomberg, CNBC