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FCC Approves T-Mobile/MetroPCS Acquisition

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Replying to:  Does that mean by Posted   Mar 12, 2013, 1:22 PM

Re: Does that mean

by Eric M. Zeman (Moderator)    Mar 12, 2013, 1:29 PM

Sorry guys, it's just a banking term, didn't mean to throw anyone for a loop:

"A reverse merger is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. The transaction typically requires reorganization of capitalization of the acquiring company."

T-Mobile USA is a private company (wholly-owned subsidiary of Deutsche Telekom, which is headquartered in Germany) and it is acquiring MetroPCS, which is publicly traded on the stock market.

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