Report: Sprint Close to Purchasing T-Mobile US, Deal to be Announced in July
June 4, 2014 7:35 PM
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.
"Nowadays, security guys break the Mac every single day. Every single day, they come out with a total exploit, your machine can be taken over totally. I dare anybody to do that once a month on the Windows machine." -- Bill Gates
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