Tag Archives: Acquisition

AT&T To Acquire Leap Wireless For $1.19 Billion Dollars

In a slightly shocking move, AT&T announced it has agreed to acquire Leap Wireless for $1.19 billion in cash. The deal, which works out to $15 per share for Leap shareholders is a 88% premium on the Leap closing price this afternoon. AT&T announced the deal includes Leap’s licenses, network assets, retail stores and around five million subscribers. Leap has long been tossed [read full article]

AT&T CEO Admits Poor Execution Doomed T-Mobile Deal

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In a move that will surprise no one, AT&T CEO Randall Stephenson has finally admitted that poor execution doomed his attempt to take over T-Mobile. During an interview with Phil Weiser, dean of the University of Colorado Law School, Stephenson admitted that the failed deal was one of his worst moments as CEO. “I wouldn’t say it was a bad decision, but it was a … [read full article]