Print 20 comment(s) - last by EasyC.. on Jun 6 at 7:27 AM

Bloomberg says the deal will be valued at $40/share

Just when T-Mobile is knee-deep in forcing the wireless industry leaders (namely AT&T and Verizon Wireless) to copycat nearly every initiative that it implements, we’re hearing word that third-place Sprint is inching even closer to acquiring the company. A new report from Bloomberg states that Sprint Corp. has nearly come to a decision on the final purchase price for T-Mobile US, and is zeroing on a valuation of $40/share.
The deal will reportedly comprise of 50 percent stock and 50 percent cash, while parent company Deutsche Telekom AG will retain a 15 percent stake in marriage.
Softbank acquired Sprint last year for $21.6 billion (it holds an 80 percent stake in the company), and this upcoming Sprint deal is reportedly valued at around $41 billion. It was reported in late April that Softbank approached Goldman Sachs Group Inc., Citigroup Inc., JPMorgan Chase & Comp., Mizuho Financial Group Inc., Bank of America Corp., and Deutsche Bank to secure financing for the acquisition.

John Legere
T-Mobile CEO John Legere, seen here in the black leather jacket. [Image Source: T-Mobile USA]

According to Bloomberg, the merger will be officially announced next month.
One of the big decisions that has yet to be made is who will lead the combined company, but we’re hoping that T-Mobile’s animated CEO John Legere gets the nod.

Source: Bloomberg

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No. NO
By retrospooty on 6/4/2014 8:11:41 PM , Rating: 4
RE: No. NO
By Brandon Hill on 6/4/2014 8:15:48 PM , Rating: 5
Search your feelings, you know it to be true.

RE: No. NO
By retrospooty on 6/5/2014 8:32:03 AM , Rating: 2
I think my feelings betray me on this one.

Oh well, there is always a new hope. Seeing how T-Mobile added customers at a record rate the past few quarters and Sprint is bleeding customers, maybe they will keep the great programs and general "un-carrier" concept that T-Mo has been running.

RE: No. NO
By Jeffk464 on 6/5/2014 5:20:41 PM , Rating: 4
This deal will only be acceptable if all the sprint execs are fired and replaced with the Tmobile execs.

RE: No. NO
By CrimsonWolf on 6/4/2014 9:07:49 PM , Rating: 2
You were the chosen one!

RE: No. NO
By DiscoWade on 6/4/2014 9:20:10 PM , Rating: 2
If AT&T wasn't allowed to buy T-Mobile, then neither should Sprint! Because of competition, my cellular phone bill has dropped significantly recently. I fear that if competition decreases than my bill will increase.

RE: No. NO
By quiksilvr on 6/4/2014 9:37:48 PM , Rating: 2
AT&T is at a completely different level than Sprint. As a T-Mobile customer I do have my concerns however considering the far superior HSPA+ and LTE network T-Mobile has in comparison to Sprint, I believe that Softbank will realize that T-Mobile's aggressive marketing and pricing scheme will be the one to go with.

RE: No. NO
By hypocrisyforever on 6/5/2014 12:10:58 PM , Rating: 2
Dude, so funny. I literally came to post these 3 exact words and then see it was the first comment. Consider this an upvote.

RE: No. NO
By retrospooty on 6/5/2014 12:40:51 PM , Rating: 2
Heh... I forget who said this or where I saw it, it a few weeks back but it was funny...

Someone was talking about the big 4 US carriers and referred to them as Big Red (Verizon), Oppressive Blue (ATT), Try hard Magenta (T-Mo), and of course, the butt of the Joke , Sprint was "Bumbling Yellow".

"Can anyone tell me what MobileMe is supposed to do?... So why the f*** doesn't it do that?" -- Steve Jobs

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