Sprint calling off $32 billion deal to acquire T-Mobile

[Yo_Mama_Been_Loggin]

Here's one corporate merger that won't go through.

Sprint is abandoning its bid to acquire T-Mobile, t he Wall Street Journal is reporting.

A source told the Journal that Sprint sees “regulatory challenges to T-Mobile deal as too steep.”

The two companies have long been working on a deal to merge. Sprint was expected to pay $32 billion to acquire the Bellevue-based telecom.

The Journal reports Sprint plans to make an announcement on the topic Wednesday morning.

The deal was never a sure thing — the Federal Trade Commission has hinted it opposes a merger between the third and fourth largest telecoms because it would reduce competition.


Now if the FTC would do likewise on the proposed Comcrap/TWC merger I'll be even happier.

-more-

http://www.bizjournals.com/seattle/blog/techflash/2014/08/sprint-calling-off-32-billion-deal-to-acquire-t.html?ana=e_sea_bn_breakingnews&u=ColXVN5SPzQtLHFP87ho2w07857290&t=1407283209

[Warpy]

1. Companies ran right over regulatory challenges in the not too distant past

so I think something else is going on. So far it's just whispers around the edges but all of a sudden, big money is getting very risk averse.

[Historic NY]

2. Well now they have the cash to fix the miserable service near me.

[Codeine]

3. Isn't that the second time a big T-Mobile merger has failed? Hmm. nt

[Yo_Mama_Been_Loggin]

4. The FTC or FCC (one of those two) nixed the merger with AT&T

Now AT&T wants to buy Direct TV.