REPORT: France's Iliad Makes Offer For T-Mobile, Shares Spike

T-Mobile spiked higher after The Wall Street Journal reported that it received a buyout offer from France's Iliad.

The Journal's report said the offer from Iliad was made less than a week ago, but said it is unclear what response T-Mobile's board has had to the offer.

T-Mobile shares were up 5% after the report, while shares of Sprint were down about 3%.

Sprint and T-Mobile have long been seeking a merger, and in early June it was reported that company's were "close" to a deal that would've seen Sprint acquire T-Mobile for $32 billion.

Citing a person familiar with the deal, WSJ reported that Iliad believes U.S. authorities would view its offer favorably because it is not active in the U.S.

Earlier today, T-Mobile reported second quarter revenue grew 8% over the prior year, with the carrier reporting 1.5 million net customer additions in Q2.