February 24, 2012 10:28 pm EDT

Sprint almost bought MetroPCS for $8 billion, Hesse said yes, but the board said no

Well, well, it looks like AT&T wasn't the only one looking to acquire a competitor in the wireless business last year. According to CNBC's David Faber, the Now Network was knee-deep in negotiations to acquire MetroPCS for $8 billion dollars before its board nixed the deal. Apparently, Sprint had been trying to make the merger happen for months and the coupling was even endorsed by CEO Dan Hesse, but for reasons unknown the board shot it down. We're still digging for details, so stay tuned for more as we have it.

Sprint almost bought MetroPCS for $8 billion, Hesse said yes, but the board said no originally appeared on Engadget on Fri, 24 Feb 2012 17:28:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2012/02/24/sprint-almost-bought-metropcs-for-8-billion-hesse-said-yes-bu/

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