MetroPCS withdraws Leap Wireless bid

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Powerset Looking for a New CEO

What is it with these two companies? First, they’re more in love than a CBS soap opera. Next thing you know, they’re splitting up and stock is tanking. What’s the deal here? Seems MetroPCS decided it didn’t want to purchase Leap Wireless anymore because it feels it’s already a big enough player in the wireless market.

Really a shame. There could have been more competition in the pay-as-you-go market but not anymore.

MetroPCS Withdraws Leap Wireless Bid; Both Companies Tank [Seeking Alpha]

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