Saturday June 07, 2014

Sprint Agrees to Pay About $32 Billion to Buy T-Mobile

The deal was struck this week giving T-Mobile stockholders $40 a share for the company’s stock. All that is left to do now is to call in the army of lawyers to work out the final details and get the merger passed by the FCC and Department of Justice.

Softbank Chairman Masayoshi Son has made no secret of his long-held desire to buy T-Mobile and merge it with Sprint, creating a carrier with the resources to upgrade its network and better compete with AT&T and Verizon.