joining me, peter ahlstrom. what did he say? peter: this has been long-awaited.n in detention since february. he denied that these gifts that samsung made to the friend of president park had anything to .o with the merger samsung doesn't say that they gave a variety of gifts to this friend to promote equestrian sports in the country, including about $800,000. but they say that promoters in the government frequently come to them for contributions like they do to other governments in korea -- other companies in korea. emily: how big of a distraction has this been? peter: it is a big distraction. there is daily coverage. the trial has to end. it has to end next week. the trial will be completed, and the judge needs to make a decision. emily: so, next steps? peter: samsung electronics, the business, has been doing well. their smartphone business has been coming back quite a bit. what is yet to be seen is what will happen to jay y the. -- jay y. lee. is little question that over some period of time that he will ascend into this role. the question is whether he will be

joining us now to break it all down, peter ahlstrom. what does he mean?orter: in terms of financial report, there were positive signs. there was profit finally after three quarters -- three years of losses. that was a step in the right direction. but, the company did lose subscribers. this is at the same time that all three competitors added subscribers. in terms of the business, sprint is continuing to struggle. investors took positive notion from this idea that sprint would be able to reach some sort of agreement with one of the merger partners it has been talking to. the question is who, and how the deal would get done. it has been in discussions with charter, as we reported. emily: what are prospects for an actual deal? >> it depends on how the deal is structured. it seems like a long struck. t-mobile seems like more of a reasonable deal. they can combine the wireless entities. a bigger challenge would actually be combining with charter. china has a market cap of more than $100 million -- $100 billion. sprint wants to create a new entity, putting char

peter ahlstrom from tokyo, in town.aul sweeney of bloomberg intelligence, thanks so much for joining us. well snapdeal has rejected a $950 million acquisition from a rival flipkart. the two biggest local players in india's e-commerce discussed joining forces to compete against amazon. softbank owns a most a third of snapdeal. snapdeal opted to sell off some non-core assets. coming up, podcast efforts. what it means for the potential ipo. bloomberg tech is live streaming on twitter. check us out at @bloombergtechtv on weekdays. this is bloomberg. ♪ ♪ emily: a stock we are watching, pandora shares surging as much as 7% in after-hours trading. the company posted better-than-expected second-quarter revenue. they are up 10% year-over-year. this is pandora's first earnings report since they sold in 19% stake to sirius xm and dismissed their ceo. sticking with music streaming, the number one paid music streaming service, spotify, is expanding their business model again. this time, spotify is eyeing a growing demand for podcast