T-Mobile Rejects Iliad Buyout Offer

Posted by at 8:41 am on August 5, 2014

T-Mobile has rejected Iliad’s initial offer to buy the company, reports the Wall Street Journal.

The $15 billion bid for a 56.6% stake in the company was “not attractive enough” and “dead on arrival” according to a source cited by the Journal. T-Mobile also denied Iliad’s request to open its books, which would have been necessary for Iliad to conduct due diligence on T-Mobile.

Iliad’s bid came as a surprise. The company fills a similar role to that of T-Mobile as a competitive game-changer in its home market of France. Another source cited by the Journal said Iliad is considering its next steps, though it is unclear what those steps might be.

Had T-Mobile taken Iliad’s offer seriously, it would have thrown a wrench into Sprint’s long-term plans to acquire T-Mobile.

Leave a Reply

Sign Up For Our Newsletter

Sign up to receive breaking news
as well as receive other site updates

Enter your Email


Preview | Powered by FeedBlitz

Log in

Copyright © 2008 - 2020 · StreetCorner Media , LLC· All Rights Reserved ·