Latest in Buyout

Image credit:

Sprint almost bought MetroPCS for $8 billion, Hesse said yes, but the board said no (update)

32 Shares
Share
Tweet
Share

Sponsored Links

Well, well, it looks like AT&T wasn't the only one looking to acquire a competitor in the wireless business last year. According to CNBC's David Faber, the Now Network was knee-deep in negotiations to acquire MetroPCS for $8 billion dollars before its board nixed the deal. Apparently, Sprint had been trying to make the merger happen for months and the coupling was even endorsed by CEO Dan Hesse, but for reasons unknown the board shot it down. We're still digging for details, so stay tuned for more as we have it.

Update: The Wall Street Journal reports that Sprint backed away from the deal earlier this week because the "timing wasn't right," and that there's no hard feelings between Mr. Hesse and the board for doing so.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
32 Shares
Share
Tweet
Share

Popular on Engadget

Master & Dynamic's MW07 Plus are much-improved true wireless earbuds

Master & Dynamic's MW07 Plus are much-improved true wireless earbuds

View
Master & Dynamic's MW07 Go is a $199 AirPod alternative

Master & Dynamic's MW07 Go is a $199 AirPod alternative

View
California's statewide earthquake alert system launches Thursday

California's statewide earthquake alert system launches Thursday

View
Skydio's station lets self-flying drones work around the clock

Skydio's station lets self-flying drones work around the clock

View
‘Harry Potter: Wizards Unite’ gathered location data while users slept

‘Harry Potter: Wizards Unite’ gathered location data while users slept

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr