Friday, November 2, 2007

MetroPCS Bid For Leap Wireless Withdrawn

Dallas-based MetroPCS said late Thursday that it has withdrawn its offer to acquire San Diego-based Leap Wireless.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.

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