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Leap Wireless Exploring Possible Sale

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Jan 15, 2010, 2:10 PM   by Eric M. Zeman
updated Jan 15, 2010, 2:51 PM

Leap Wireless is close to hiring a bank to help it explore strategic options moving forward, according to sources familiar with the matter. Reuters reports that Leap may hire Goldman Sachs, with which it already has a history. Leap is weighing consolidation and or/and outright sale to a competitor. MetroPCS has previously expressed interest in acquiring and/or merging with Leap Wireless. It made a bid of $5.5 billion for Leap back in 2007, and expressed interest as recently as September 2009. Leap has not officially provided comment on the matter. Leap runs a pre-paid wireless service branded as Cricket.

more info at Reuters »

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Oh no! Azeron Jan 15, 2010, 3:14 PM
:( SprintFTW Jan 16, 2010, 10:09 PM
 
 
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