Sprint & T-Mobile have agreed on the broad outlines of a merger valuing T-Mobile at around $32 billion, according to the Wall Street Journal. Under the deal, Sprint would pay around $40 a share for T-Mobile during the summer time. The deal would be roughly 50% cash and 50% stock. T-Mobiles largest shareholder, Germanys Deutsche Telekom AG, would retain a stake of 15% to 20% in the new company.
Posted on: Thu, 05 Jun 2014 02:22:03 +0000
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