Sprint rises on SK buyout talks report

Sprint not in acquisition talks with SK: source

Sprint not in acquisition talks with SK: source

NEW YORK (Reuters) - Any talks between SK Telecom (017670.KS) and Sprint Nextel (S.N) are about technology collaboration rather than an acquisition of the No. 3 U.S. wireless service, according to a person familiar with the matter.

The comment followed a CNBC report that SK and Sprint were in merger talks.

"There are no acquisition talks going on right now between SK Telecom and Sprint. Any discussions that are going on are around technology collaboration," said the source, who asked not to be named because the person was not authorized to talk on the subject.

(Reporting by Sinead Carew; Editing by Gary Hill)

 

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Interesting news. Collaboration of technology? WiMax?

 

That's good Sprint's not being bought out, even though I don't like the company. I wouldn't doubt its on collaboration but I read one of the updates that they rejected a 5 billion investment offer from SK Telecom and Providence Equity Partners. I doubt Sprint's stock will go up anytime soon. If they're quarterly reports don't improve and investors don't like what they're doing, they'll stay around the same for a while. They just shaved off the jump they had yesterday, they're back to 8.67

 

what ever happened to US companys being owned and operated in THE US!!!

 

That died a long time ago. Aren't just as many Japanese cars made in the US as American cars now?

I did read an article that the high cost of fuel is actually starting to make some companies think about moving jobs back to the USA, as the higher wages cost about the same and are more easy to predict than the fuel prices that have raised the cost of doing business overseas.

Anyway, that is a bit off topic.

Is it sad that I don't really care what happens to Sprint, so long as they don't just disappear and go belly-up?

 

we could start a thread about US jobs or economy or something :idea:

 

That was all pre-collapse of the dollar. Countries like China have so many dollars they could heat their homes with them. US companies are practically free now.

 

It doesn't help the dollar isn't as strong anymore. I saw a documentation on Discovery I think that companines are moving their labor overseas because its cheaper. It all equals back out because of the shipping. I think the news is back to saying SK telecom might buy Sprint. But I doubt it, look at Sprints market cap and look how much cash SK Telecom has on hand. Not enough. I'm glad I dumped their stock a long time ago.

 

even if they buy them i dont see them getting anywhere with it...there is just to many things that need to be in place for them to keep up that they dont have. they probably want them just to turn around and sell them off after the economy gets better or after their image improves some.

 

That would be politics, one of my favorite topics, but not a good one to talk about on this forums. Besides, I would piss to many people off with my opinions.

Can't blame them. It is a good deal for them. After all, the Feds pissed away the value of our dollar.

That is all the politics I will talk about on this forum. After all, this is not a political forum.

R.I.P. Anheuser-Busch, the greatest American company ever.

 

i switched back to coors.

 

Molson owns Coors right?

And Sprint is not getting bought...not anytime soon, so that should make everyone happy...right.

 

really? dang

 

Americans don't complain when a US company buys out a company in another country. I guess it can happen in reverse.