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This article was published on June 5, 2014

Sprint acquisition of T-Mobile is reportedly near an agreement

Sprint acquisition of T-Mobile is reportedly near an agreement Image by: Andrew Burton
Roberto Baldwin
Story by

Roberto Baldwin

Roberto Baldwin was a reporter for The Next Web in San Francisco between April 2014 and March 2015. Roberto Baldwin was a reporter for The Next Web in San Francisco between April 2014 and March 2015.

The Sprint take over of T-Mobile is closer to becoming a reality according to Bloomberg. The two parties are close to agreements on termination fee, price and the capital structure of the deal. The final price is reportedly $40 per share.

The deal is reportedly set to be announced in July or August. The Sprint takeover of T-Mobile was first reported by Bloomberg back in May. The Sprint acquisition is backed the carrier’s parent company Softbank.

Even if the deal is announced, there’s still the issue of convincing the FCC to allow it to happen. The FCC killed an attempt by AT&T and T-Mobile to merge in 2011.

➤ Bloomberg

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