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Iliad Bails on Attempt to Acquire T-Mobile

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Oct 13, 2014, 12:26 PM   by Eric M. Zeman   @zeman_e

Iliad today said it will no longer pursue an acquisition of T-Mobile U.S. The company first floated an offer for the company in late July. It proposed to acquire 56% of the company, but T-Mobile's majority owner Deutsche Telekom rejected the bid. Iliad later put together more resources with the help of financiers and proposed to acquire 67% of the company for $36 per share. Iliad arrived at today's decision "following exchanges with Deutsche Telekom and selected board members of T-Mobile US who have refused to entertain its new offer." Deutsche Telekom has long sought to rid itself of T-Mobile, but has yet to successfully sell the company. Iliad believed acquiring T-Mobile would have helped the combined entities realize $2 billion in annual cost savings, as well as given Iliad a toehold in the U.S. market.

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MadFatMan

Oct 13, 2014, 5:58 PM

Now Just Where Have I Seen This Before?

Iliad proposes a buyout, TMO says "sure" but if it fails through you have to pay us a RIDICULOUS amount of money.

I guess TMO saves their subscribers money by screwing other companies instead of their customers.

Can't say I disagree with this..

TMO you dirty little corporate tease you.
Lol You know, as I was reading this article, I was thinking something very similar. T-Mobile already knows the U.S. government will not allow any large company to purchase it, and any company small enough will not have the money to buy it.

T-Mobil...
(continues)
...
Who says that Illiad had to pay them anything?
...
 
 
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