The rumors have been percolating up through the internet for months that Sprint (and parent company SoftBank) was nearing a deal to buy controlling interest in T-Mobile US, but a French company you've probably never heard of just threw a monkey wrench in the works. Iliad has offered $15 billion in cash for 56.6% of T-Mobile.
The proposed acquisition values T-Mobile at $36.20 per share (after the deal), which would be a good deal for current T-Mobile owner Deutsche Telekom.
French Telecom Company Iliad Just Made A Bid To Buy T-Mobile US Out From Under Sprint was written by the awesome team at Android Police.
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