403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx
Follow us:
403 Forbidden

403 Forbidden


nginx

Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

June 4, 2014 at 3:29 PM

Reports: Sprint to offer $32 billion for T-Mobile

A week after Sprint’s lead investor said he wants to buy T-Mobile, reports are surfacing that the deal’s nearly done.

Bloomberg is reporting that the parties are close to a deal that would pay $40 per share for Bellevue-based T-Mobile US, with Sprint offering half in cash and half in stock and Deutsche Telekom retaining a 15 percent stake.

The Wall Street Journal followed up with a report also saying that Sprint would pay around $40 per share – making it a roughly $32 billion merger – and the deal could be made in early summer.

T-Mobile’s stock closed today at $34.28 before the news broke.

Sprint will have to overcome resistance of federal regulators who earlier spiked AT&T’s 2011 attempt to buy T-Mobile for $39 billion.

Speaking at a conference in California last week, Sprint’s majority owner Masayoshi Son reiterated his interest in buying T-Mobile and said Sprint and T-Mobile must scale up to compete with AT&T and Verizon.

 

Comments

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


403 Forbidden

403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx