Reuters Says No Sprint Acquisition In The Works

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Reuters is pouring cold water all over the story that SK Telecom, the Korean telecom company, and Sprint Nextel are in acquisition talks. Instead, any talks are about a technology collaboration. Reuters sources their story to "a person familiar with the matter."
Two hours ago CNBC's David Faber reported that SK and Sprint were in merger talks.
We expect that the SEC is now investigating these dangerously misleading rumors that pushed Sprint's stock up almost 9 percent today. Or does the investigation have a "downtick" rule?
Sprint not in acquisition talks with SK: source [Reuters]

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