Report: Sprint Close to Purchasing T-Mobile US, Deal to be Announced in July
June 4, 2014 7:35 PM
comment(s) - last by
Bloomberg says the deal will be valued at $40/share
Just when T-Mobile is knee-deep in forcing the wireless industry leaders (namely
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
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.
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.
T-Mobile CEO John Legere, seen here in the black leather jacket. [Image Source: T-Mobile USA]
, 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.
This article is over a month old, voting and posting comments is disabled
RE: No. NO
6/5/2014 8:32:03 AM
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
6/5/2014 5:20:41 PM
This deal will only be acceptable if all the sprint execs are fired and replaced with the Tmobile execs.
"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007
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