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Leap Seeking Buyer

Feb 1, 2010, 4:40 PM by Eric M. Zeman

According to a new report from the Wall Street Journal, Leap Wireless has hired Goldman Sachs to help the company merge with a rival, sell itself to another company and help it "reassesses its alternatives and checks its options out there right now." People familiar with Leap's plans say that the company has spoken to AT&T and Verizon Wireless. Leap has also formed a committee (being advised by Morgan Stanley) to assess strategic options. 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.

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Comments

This forum is closed.

This forum is closed.

ecycled

Feb 1, 2010, 5:23 PM

I'm entering my bid

I will go as high as $100. There now you have at least one person willing to give you something for it

freedom4u

i got 105 🤤

...

AndroidRules

Feb 1, 2010, 4:52 PM

Come on Metro up the offer

You know you want them. It makes sense from a business standpoint. Don't let one of the big boys gobble Leap up especially the bully Big Red.

muchdrama

AndroidRules said:
You know you want them. It makes sense from a business standpoint. Don't let one of the big boys gobble Leap up especially the bully Big Red.

There's always someone at the top. Doesn't mean they'r...
(continues)

...

acdc1a

My money would be on Metro. It makes the most sense. Can't wait for the air card service to be offered in my market... 🤤

markj73

Feb 1, 2010, 5:19 PM

US Cellular should snap em up!

This would expand US Cellulars coverage to major/semi major cities, saves them some roaming charges 🙂

Why would Metro PcS want them? I dont even know where they cover, but just seems pointless...

AT&T/Verizon/Sprint or Tmo should NOT bother, too much overlap im sure!

Azeron

I seriously doubt AT&T or VZW would be allowed to grab Leap under a Democratic regime.

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