[4696] in Privacy_Forum
[ PRIVACY Forum ] Bulletin: Sprint expected to buy T-Mobile
daemon@ATHENA.MIT.EDU (PRIVACY Forum mailing list)
Wed Jun 4 20:56:06 2014
Date: Wed, 4 Jun 2014 17:22:35 -0700
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Bulletin: Sprint expected to buy T-Mobile
(NY Times): http://dealbook.nytimes.com/2014/06/04/sprint-and-t-mobile-agree-on-terms-of-32-billion-deal
"Sprint would pay about $40 a share in cash and stock for T-Mobile,
about a 17 percent premium to Wednesday's price, according to the
preliminary agreement. After the deal, Deutsche Telekom, the majority
owner of T-Mobile, would own about 20 percent of the merged entity.
Deutsche Telekom currently owns about 67 percent of T-Mobile. The deal
is sure to face regulatory scrutiny, and the early terms of the deal
would include a breakup fee of more than $1 billion that Sprint would
pay T-Mobile if the deal is not consummated."
- - -
Shoot us now.
--Lauren--
Lauren Weinstein (lauren@vortex.com): http://www.vortex.com/lauren
Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info
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