MetroPCS Studied German Instead Of Japanese
MetroPCS, along with T-Mobile USA and T-mobile's parent company, Deutsche Telekom, was sued by MetroPCS shareholders who complained that their shares in the company were terribly undervalued in the pending merger with T-Mobile.
They were probably even more depressed than normal this week upon hearing the news that Japan-based SoftBank plans to spend $20.1 billion for a 70-percent stake in rival Sprint Nextel, thus curtailing hopes that SoftBank might bid for MetroPCS.
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