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TMUS Aug 2024 195.000 call
- Yahoo Finance Video
T-Mobile targets rural growth with new $4.4B US Cellular deal
T-Mobile (TMUS) has announced its intention to acquire a majority stake in United States Cellular Corporation (USM). The acquisition, valued at $4.4 billion, will use US Cellular's wireless network to enhance T-Mobile's connectivity and coverage, particularly in rural areas. Yahoo Finance's Brad Smith and Seana Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Barrons.com
Why the AI Stock Market Divide Is Widening Amid Fed Rate Fears, and 4 Other Things to Know Today
Hess shareholders approve Chevron merger but challenges remain, OpenAI forms new safety committee as it rolls out next model, and other news to start your day.
- Reuters SG
Deals of the day-Mergers and acquisitions
** Anglo American rejected BHP Group's last-ditch request for more time to discuss a $49 billion takeover offer, dismissing it as highly complex and ending a five-week pursuit by the bigger rival. ** A consortium of U.S. investment firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia's biggest data centre providers, two sources said. ** The owner of Britain's Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, it said on Wednesday, in a take-private deal of one of the world's oldest postal firms.
