Sprint, T-Mobile near terms for summer merger

CK SatGuy

Formerly ckhalil18
Original poster
Feb 7, 2011
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The Motor City
CNBC reports:

Sprint and T-Mobile are close to setting terms for a summertime merger that would be worth about $50 billion, including debt, Dow Jones reported Wednesday afternoon, citing sources.

The breakup fee would come in above $1 billion, and the purchase price would total about $40 a share, according to the report.

The proposed deal would comprise 50 percent stock and 50 percent cash for T-Mobile, leaving Deutsche Telekom with about 15 percent of the combined company, Reuters reported, citing Bloomberg.

http://www.cnbc.com/id/101728449
 
Oh no,this is the end end of the world as we know it. It'll mean LESS competition(what do I care,I don't have a cell phone. I just want to play "Chicken Little" every time a merger is announced).