Reports are that the “done” “well, almost done” deal is “not done at all?”
Apparently, T-Mobile is getting a bit tired of Charlie Ergen and DIsh and may be looking for someone else (*cough Peter Adderton?? *cough*) to purchase Boost.
According to the article (link below):
Ergen, one of corporate America’s toughest negotiators, may force T-Mobile to find another buyer for its Boost Mobile prepaid service, sources close to the deal say. As FOX Business first reported on Tuesday, Ergen was looking to renegotiate the terms of its wholesale agreement to purchase Boost with T-Mobile, including Boost’s $1.4 billion price tag.
in recent weeks, Ergen has not been able to come to terms to complete the Boost sale. The purchase was supposed to close by June 1 but according to a memo sent earlier this week by T-Mobile to its employees the acquisition has stalled — raising questions about whether Ergen has any intention of completing it. As FOX Business reported Tuesday, DOJ’s Antitrust Division is trying to mediate the negotiations before its July 1 so-called drop-dead date.
In the meantime, sources tell FOX Business that T-Mobile is looking at other potential buyers, including a possible consortium of private equity.
Read the entire article here
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