| Home Page : Archive News : August 2014 News : UPDATE 5-Sprint drops bid to buy T-Mobile, changes CEO | |
UPDATE 5-Sprint drops bid to buy T-Mobile, changes CEO | |
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August 06, 2014 Aug 5- Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters. Sprint's shares plunged 19 percent to $5.90, while T-Mobile fell 10 percent to $30.38 on Wednesday. Source: http://www.cnbc.com/id/101899543 |
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