T-Mobile's Acquisition of Sprint Just Got $200 Million More Expensive
It took T-Mobile (NASDAQ: TMUS) nearly two years to clinch its $26 billion blockbuster acquisition of Sprint, which closed earlier this year after the Un-carrier successfully cleared numerous regulatory and legal hurdles. Compared to the total value of the all-stock deal, $200 million might not seem like much, but the merger just effectively got a little bit more expensive.
Here's why.
T-Mobile CEO Mike Sievert. Image source: T-Mobile.
Source Fool.com