Shares of T-Mobile USA soared more than 6% Thursday on a $15 billion takeover bid from a French telecom company.
The news that France's Iliad will be making an offer for T-Mobile quickly ripped through the markets, causing T-Mobile's (TMUS) stock to briefly be halted. It also drove Sprint (S)down 5%, as the wireless company had been rumored to be crafting its own buyout of T-Mobile.
T-Mobile soars on $15 billion takeover bid - Jul. 31, 2014
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