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T-Mobile Withdraws Anti-Net Neutrality Lawsuit

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May 20, 2013, 11:32 AM


How many times do we need to go through this... It was a reverse merger, which albeit is a little more complicated, but basically means DT essentially "gave" MetroPCS TMO on credit, and over time Metro will be making payments to gradually "own" TMO. It's probably easier to write up the other way around, but not at all accurate.
Here’s how it works:

MetroPCS will declare a 1-for-2 reverse split.
The company will pay holders $1.5 billion in cash, about $4.09 a share before the reverse split.
MetroPCS will acquire all of T-Mobile USA’s stock in exchange for a 74% stake...
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