iPCS Shareholder Group Opposes Sprint Acquisition
Greywolf Capital Management, which owns about 8% of Sprint affiliate iPCS, thinks the $24-per-share price offered by Sprint to buy iPCS is too low. The group sent a letter to the iPCS board of directors indicating that it will not vote in favor of the acquisition. Greywolf, which approves of the acquisition in theory, believes Sprint has undervalued iPCS and should pay an amount closer to $47 per share.
Qualcomm Rejects Broadcom's Latest Acquisition Offer, But Leaves Door Open
Qualcomm's board of directors today unanimously rejected Broadcom's revised bid to acquire the company for $121 billion. Qualcomm's board continues to insist that Broadcom is undervaluing Qualcomm's overall worth.
SoftBank Sinks More Money Into Sprint
SoftBank has been snapping up shares of Sprint, increasing its stake recently by as much as $87 million. Despite SoftBank CEO Masayoshi Son's misgivings about the overall acquisition of Sprint, SoftBank said it "is enthusiastic about Sprint's prospects.
Qualcomm Says It Met with Broadcom to Discuss Acquisition
Qualcomm today said members of its board of directors and senior management met with Broadcom to talk about the latter's acquisition offer. Broadcom offered to buy Qualcomm for $121 billion, but Qualcomm shot the deal down.
Japan's SoftBank to Buy UK's ARM for $32 Billion
SoftBank today announced plans to buy ARM Holdings for $32 billion. SoftBank runs one of Japan's largest wireless networks and is the parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today's smartphones and tablets.
Sprint Offering 10GB to 4-Line Family Plans for $100
Sprint today introduced the Sprint Family Share Pack, a plan that includes unlimited talk and text and 10 GB of shared data for four lines for $100 per month. Sprint Family Share Pack subscribers can quadruple their shared data to 40 GB for $20 more (total of $120 before taxes and fees).
Shentel is the only one left and ipcs needs to give up
Greywolf Capital needs to be shot from a helicopter..
T-Mobile is loosing its customers data and has no 4g future.
damn is prepaid the only light in this dark royal rumble?