[Infowarrior] - AT&T buying T-Mobile for $39B

[Richard Forno]

http://www.bloomberg.com/news/2011-03-20/at-t-agrees-to-buy-deutsche-telekom-s-t-mobile-usa-unit-for-39-billion.html

AT&T Agrees to Buy Deutsche Telekom’s T-Mobile USA Unit for $39 Billion

By Mike Harrison - Mar 20, 2011 2:19 PM ET Sun Mar 20 18:19:32 GMT 2011

AT&T Inc. (T) said it entered a definitive agreement with Deutsche Telekom AG (DTE) to acquire T- Mobile USA in a cash-and-stock transaction currently valued at approximately $39 billion.

The agreement has been approved by the Boards of Directors of both companies, Deutsche Telekom said in a statement.

To contact the editor responsible for this story: Mike Harrison at mharrison5 at bloomberg.net