MetroPCS Bid For Leap Wireless Withdrawn
Dallas-based MetroPCS said late Thursday that it has withdrawn its offer to acquire San Diego-based Leap Wireless. MetroPCS, which has proposed a $5.5B acquisition of Leap Wireless in September, said that it dropped the bid because it "has not been able to engage Leap in meaningful negotiations" with Leap Wireless on its offer.
posted on Friday, November 2, 2007
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