Posts

Showing posts with the label acquisition

T-Mobile beats earnings estimates with $19.8B in Q1 revenue, adds another 1.4M customers

T-Mobile beat expectations for its fourth quarter earnings report,  posting revenue of $19.8 billion and earnings per share of $0.74. Analysts expected revenue of $18.9 billion and EPS of $0.57. The Bellevue, Wash.-based wireless company added a net total of 1.4 million customers in the quarter, topping Verizon and AT&T. It now has a record-high 103.4 million total customers. Shares were up more than 2% in after-hours trading. T-Mobile stock is up more than 40% over the past year. T-Mobile’s continued growth follows the company’s $26.5 billion merger with Sprint, which was completed last year after a  lengthy legal battle and extended regulatory review . The acquisition is helping T-Mobile build out its 5G network, which it claims is the largest and fastest in the U.S. Last month T-Mobile launched its new home internet service as part of the latest “Un-carrier” move and in March unveiled 5G wireless routers. . @TMobile  is off to a terrific start in 2021 & here’s a snapshot

Report: Discord ends acquisition talks with Microsoft

Microsoft’s bid to buy Discord is over — for now, at least. The Wall Street Journal reported Tuesday that the popular chat startup has ended acquisition talks with the Redmond, Wash. tech giant and others after reports surfaced last month that Discord was in final negotiations about a sale for at least $10 billion. A potential deal “could be rekindled in the future,” WSJ reported. Microsoft last week announced its $19.7 billion deal to buy Nuance Communications and completed a $7.5 billion acquisition of ZeniMax Media this year. It has reportedly shown interest in Pinterest and made a bid for TikTok last fall. Previously: Why Microsoft would want to acquire Discord, which is reportedly exploring a $10B-plus sale