AT&T acquires T-Mobile for $39b

Via Mashable

In a stunning move, AT&T has acquired T-Mobile USA for a whopping $39 billion from Deutsche Telekom. The deal will deliver $19 billion in cash and $25 billion in stock to the German telecom giant. Along with acquiring approximately 8% of AT&T, Deutsche Telekom will also be gaining a seat on AT&T’s board of directors.

Read the full article on Mashable
http://mashable.com/2011/03/20/att-tmobile-ope/

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