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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.

 

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