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Banks race to finance Sprint’s upcoming bid for T-Mobile

Published Dec 20th, 2013 11:30AM EST
Sprint T-Mobile Acquisition Financing

According to a report from The Wall Street Journal late last week, Sprint is considering a bid to acquire T-Mobile US sometime in the first half of 2014. Now, in a followup report published on Thursday evening, The Journal noted that at least six banks are currently working on proposals to provide financing for the deal. According to the report, Masayoshi Son, chairman of Sprint majority owner SoftBank, was in New York City this week meeting with Goldman Sachs CEO Lloyd Blankfein. WSJ was not able to confirm that financing a possible T-Mobile bid was the topic of discussion, however. While the report notes that the banks may submit their financing offers to Sprint by sometime in January, Sprint has apparently not yet decided whether or not it will bid. The Journal suggests that if it does, however, a deal to acquire T-Mobile US could be worth more than $20 billion.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.