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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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