Mergers & Acquisitions
Jan. 3, 2012
AT&T-T-Mobile: The biggest deal that never was
Last March, Texas-based AT&T Inc. announced it had agreed to purchase Washington-based T-Mobile USA Inc. for $39 billion in what would have been the largest acquisition of the year. Nine months later, AT&T walked away with nothing.
Daily Journal Staff Writer
Woulda, coulda, shoulda - didn't.
That was the story of Texas-based AT&T Inc.'s attempt to buy Washington-based T-Mobile USA Inc. for $39 billion in what would have been the largest acquisition of the year.
AT&T announced the proposed merger in March and nine months later, it ended up having to pay $4 billion to T-Mobile's parent company and walk away with nothing. ...
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