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Sprint CEO Wanted to Buy MetroPCs for $8 billion, Board Said No

by Brandon Russell | February 24, 2012February 24, 2012 4:00 pm PDT

Sprint centerA new report from CNBC‘s David Faber suggests Sprint was mere hours away from announcing an $8 billion acquisition of MetroPCs before the deal was nixed. It turns out Sprint’s executive board made the decision to cancel the deal even though the carrier’s CEO Dan Hesse gave it the thumbs up. Neither side has commented on the matter, so details are scant at this point aside from a few tweets by Faber. Apparently the deal had been months in the making, but in the end a consensus over the merger couldn’t be made. Once more information pops up about this one we’ll be sure to bring you the latest.

[via Engadget]


Brandon Russell

Brandon Russell enjoys writing about technology and entertainment. When he's not watching Back to the Future, you can find him on a hike or watching...

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