T-Mobile shares slide on report that it might lose its CEO to WeWork (TMUS)

markets.businessinsider.com | 11/11/2019 | Staff
townskey13townskey13 (Posted by) Level 3
T-Mobile CEO John Legere is in talks with WeWork about taking over as its CEO, The Wall Street Journal reported Monday, citing people familiar with the matter.

Shares of T-Mobile fell as much as 2.9% on the news. Sprint, which is in the process of merging with T-Mobile, also fell as much as 3.68%.

Legere - T-Mobile - Company - Merger - Sprint

If Legere leaves T-Mobile, it could damage the company's pending $26.5 billion merger with Sprint.

Watch T-Mobile trade live on Markets Insider.

Shares - T-Mobile - % - Monday - Wall

Shares of T-Mobile fell as much as 2.9% Monday after The Wall Street Journal reported that its CEO John Legere was in talks to take the helm at WeWork.

If Legere does take the top spot at WeWork, it could disrupt T-Mobile's pending merger with Sprint. In April, T-Mobile agreed to acquire Sprint for $26.5 billion, to create a company that would rival Verizon Communications and AT&T, the industry leaders.

Shares - Sprint - % - News

Shares of Sprint also fell as much as 3.68% on the news.

The merger between the third- and fourth-largest US wireless companies cleared a hurdle in July when the Justice Department approved...
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