After Leap, MetroPCS is hiring an investiture bank

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The Wall Street Journal is reporting that MetroPCS (NYSE: PCS) has hired JP J. P. Morgan Chase in order to aid the company with a possible accomplishment of Leap Wireless (Cricket). On its end, Leap hired Goldman Sachs to help it explore strategic options to eventually sell its business to another aircraft carrier.

If you remember, MetroPCS has already tried to acquire Leap in the past, but their offer was refused at that time. Now when both companies are talk to bankers, things could move forward. We’ll certainly follow this closely…

[Via: PhoneScoop]

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One Response to “After Leap, MetroPCS is hiring an investiture bank”

  1. [...] venture that would pool network assets from the two U.S. wireless carriers—if their current acquisition deal falls apart, people familiar spirit with the matter [...]

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