Japan's Softbank is planning to step down from the control of Sprint Corp. The reason behind giving up the authority was found to be the merging between the Sprint Corp and US wireless carrier. 

As per the reports, Softbank will hand over the corporation to the Deutsche Telekom AG's T-Mobile, but until this time, they haven't confirmed any deal with the giant US-based tech company.

SoftBank Chief Executive Masayoshi Son, while talking about the new plan said, "We may buy, we may sell. Maybe a simple merger, we may be dealing with T-Mobile, we may be dealing with totally different people, different company." 

Masayoshi's statement hints that company hasn't reached the final decision, still they are clinging in the middle.

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