Report: Sprint Close to Purchasing T-Mobile US, Deal to be Announced in July
June 4, 2014 7:35 PM
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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
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
6/5/2014 9:40:17 AM
This is why I'm so over American capitalism, or why American capitalism is so over.. It's no longer a form of market anarchy, where any business can come along and disrupt the market, challenge competitors.. It's now a place where anyone who comes along gets bought up and homogenized. It's market totalitarianism really
RE: American Exceptionalism
6/5/2014 3:16:16 PM
Except T-Mobile has been trying to sell for years. If they didn't want to sell out then we wouldn't be having this conversation.
I don't see anything wrong here - except that I have TMo and left Sprint because they sucked.
"This week I got an iPhone. This weekend I got four chargers so I can keep it charged everywhere I go and a land line so I can actually make phone calls." -- Facebook CEO Mark Zuckerberg
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