Sprint no longer interested in buying T-Mobile?

August 5, 2014

sprint-tmobile-merger Amazonaws

Sprint and T-Mobile are like the middle school lovers that keep sending each other indirect comments of getting together. We have all noticed the constant flirting, but lately it seemed this merger was turning into something serious. Recent rumors stated the merger was soon to be finalized, with a possible conclusion coming September. We were already assuming prices might be slashed, but it seems the only thing being axed is the merger.

A new report from The Wall Street Journal sources “people familiar with the matter”, stating Sprint is no longer bidding to acquire good ol’ T-Mobile. The reason? Regulators, which would be too difficult to get an approval from (or so they believe). This could be a hassle, especially considering some rumors of T-Mobile looking for a $1 billion fee from Sprint if the deal shall not be passed.

John-Legere-Uncarrier-001 iDownloadBlog

This comes as shocking news, after going through countless months of negotiations. It may also be an annoying situation for Deutsche Telekom, which has been looking to sell T-Mobile for quite some time now. Sprint may not be T-Mobile’s last resource, though. Recent rumors claim French company Iliad has also offered $15 billion in cash, which pales in comparison to Sprint’s rumored $40 billion offer. Of course, T-Mobile is said to reject this offer.

It seems it was Hesse's last days, anyways.

These are still all rumors and the future is uncertain, so take it all with a healthy dose of salt. But even if this story is never to reach a happy ending, Bloomberg reports Dan Hesse will be replaced, with an announcement coming as soon as tomorrow. It’s said the deal would make T-Mobile CEO John Legere the captain of the merged ship, though. It seems it was Hesse’s last days, anyways.

Comments

  • Xavier_NYC

    I thought it was pretty much a done deal. Guess not.

  • http://www.androidrootz.com/ Anuj Patel

    Good, T-Mobile doesn’t need Sprint!

  • Damon Salvador

    Bwahhhhhhh ……… That was inevitable .. :D $40 billion .. lol .

  • CHRIS

    Thank God that shits over!

  • Arturo Raygoza

    Bait and switch!! No one wants this merger to go thru, so much heat that they are now releasing this disinformation piece to get our eyes off and keep going our ways without much more attention. Because of this article and surely others across the android blogosphere many will now think its over, its not until the regulators decide. Watch

    • Heimrik

      This very terrifyingly makes alot of sense…. Damn those crafty bastards….

  • Heimrik

    Thank God!! Sprint would drag the quality of T-Mobile down into the depths of hell….