Oct 13 AT 1:26 PM Nick Sarafolean 3 Comments

French company Iliad cuts off talks to purchase T-Mobile US

t-mobile-store-neon

Iliad, the French company that was recently looking to purchase T-Mobile US, has officially ended its effort to purchase T-Mo. Several companies have attempted to purchase T-Mobile US since its resurgence in the market. Iliad was one of the more prominent players, and for a while it seemed as though the deal would possibly go through. But it appears that the deal has failed and Iliad will no longer seek to purchase T-Mobile US.

Iliad initially offered to purchase a 56.6 percent stake in T-Mobile US for $15 billion in cash. The offer was rejected, but Iliad came back this month and offered $36 per share for 67 percent of the company. It appears, however, that this latest deal has also been declined, with T-Mobile US remaining a part of Deutsche Telekom. Anything could happen next, but it looks like T-Mobile US will remain a part of Deutsche Telekom for the foreseeable future.

Do you expect T-Mobile US to be sold anytime soon?

Via: Android Central

Source: Iliad

A nerd at heart, Nick is an average person who has a passion for all things electronic. When not spending his time writing about the latest gadgets, Nick enjoys reading, dabbling in photography, and experimenting with anything and everything coffee. Should you wish to know more about him, you can follow him on Twitter @Zricon15.

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  • Daryl

    I think that other buyers will appear T-Mobile is an incredibly attractive small company that is disruptive force in the mobile industry. That have hit on something with its uncarrier strategies.

  • Jose

    Makes sense for the board of directors and other officials as to why they wouldn’t.
    But T-Mobile stock isn’t looking too hot.
    It’s the lowest it’s ever been at ~$27

  • Homer

    Its Agamemnon vs Achilles all over again…..