Business

Presented by JPMorgan Chase & Co.: Mega-merger Monday — Isaly out — David Karp gets political   View in browser   Presented By JPMorgan Chase & Co.   Pro Rata By Dan Primack · Apr 30, 2018 Sunrise greetings from Los Angeles, where I'm in town for the Milken Global Conference. Here we go...     Top of the Morning Illustration: Sarah Grillo / Axios Merger Monday is back with a vengeance, even if some of it was actually announced on Sunday. Here's the rundown: T-Mobile and Sprint agreed to a $26 billion tie-up , which would create America's second-largest wireless carrier (leapfrogging Verizon, still behind AT&T). Marathon Petroleum agreed to buy Andeavor for $23.3 billion, which would create the largest U.S. oil refiner by capacity (overtaking Valero Energy). Marriott Vacations Worldwide agreed to buy ILG ...

Sprint and T-Mobile finally agreed to a $26 billion merger, which would shrink the U.S. wireless market to just three national players and give Japan's SoftBank a bigger foothold in the U.S. The newly combined company will keep the T-Mobile name and will be led by current T-Mobile U.S. CEO John Legere and T-Mobile COO Mike Sievert. Sprint CEO Marcelo Claure and Masayoshi Son, the CEO of Sprint's parent company, SoftBank, will serve on the board of the new company. If approved, the new $146 billion entity — which will have about 100 million cellphone customers — will be controlled by T-Mobile parent company Deutsche Telekom. [ Johana Bhuiyan / Recode ] T-Mobile reports first-quarter earnings today and Apple reports tomorrow.  Spotify, Square and Tesla show their hands on Wednesday. [ Brian Sozzi / TheStreet ] There have been twice as many tech IPOs in 2018 as at this point in...