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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

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.

source: Iliad


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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.

Who says that Illiad had to pay them anything?
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