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      Sprint is looking to merge with T-Mobile

      |Sprint's Japanese owner said in interview with Charlie Rose that he wants to merge with T-Mobile. SoftBank CEO Masayoshi Son says the combined companies could then go head to head with giants AT&T and Verizon. Regulators have said reducing the number of major wireless carriers would cut competition, but Son argues it would create a price war. Jill Wagner has the latest MoneyWatch headlines.