Leap-MetroPCS Deal Gets More Confusing
MetroPCS pulls out but Leap says it is open to talks
1 Min Read
8:40 PM -- So Leap has responded to MetroPCS pulling its $7.5 billion bid for operator by saying that it is still open to talks on a merger with its rival."Our position regarding MetroPCS has not changed and we remain open to substantive discussions concerning a strategic combination that is in the best interests of all of Leap’s shareholders," the operator says in a statement.
I wonder what the sticking point is here? Money certainly seems to have been an issue for Leap when it rejected the initial MetroPCS bid as "inadequate," but MetroPCS hasn't made any official comment about raising its bid.
— Dan Jones, Site Editor, Unstrung
About the Author(s)
Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.
You May Also Like