WSJ: Sprint reportedly no longer interested in acquiring T-Mobile

WSJ: Sprint reportedly no longer interested in acquiring T-Mobile

In a reversal of earlier reports, it looks like Sprint has decided to table its acquisition of T-Mobile according to The Wall Street Journal’s sources.

With backing from its parent company Softbank, Sprint was reportedly to be interested in purchasing T-Mobile in a deal that at one point was reported to be $40 a share.

So. Much. Tech.

Some of the biggest names in tech are coming to TNW Conference in Amsterdam this May.

One sticking point in the potential deal could have been the FCC. The commission killed a proposed acquisition of T-Mobile by AT&T in 2011.

Also, according to Bloomberg, Sprint CEO, Dan Hesse is out and the carrier could be announcing a new CEO as early as tomorrow.

Sprint sent TNW the following statement:

Sprint has no comment on rumors and speculation.

Not surprising considering the company never officially made a bid for T-Mobile.

➀ Sprint Abandoning Pursuit of T-Mobile [WSJ]

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