Latest in Acquisition

Image credit:

MetroPCS' bid for Leap Wireless officially bites the dust

Chris Ziegler

It really doesn't come as a surprise following Leap's less-than-enthusiastic response, but yeah, it's official: MetroPCS' offer is no more. The statement MetroPCS issued regarding the whole ordeal is actually kinda sad, revealing that the company "has not been able to engage Leap in meaningful negotiations" -- in other words, it got the cold shoulder. "Talk to the hand," if you will. For its part, though, Metro insists it's still in great shape, touting its recent Los Angeles launch with several more markets in store for '08 and '09. Still has to smart a little, though.

From around the web

ear iconeye icontext filevr