Paulson Sees T-Mobile Takeover Target for Dish, Sprint
By Kelly Bit - Jul 17, 2013 11:43 AM ET
John Paulson, the billionaire hedge-fund manager whose firm is the largest outside investor in T-Mobile US Inc. (TMUS), said the company is a likely takeover target for Dish Network Corp. (DISH) or Sprint Corp. (S)
Paulson & Co., whose biggest fund specializes in buying shares of companies undergoing mergers, became a 2.3 percent stakeholder in T-Mobile US when the mobile phone company merged with MetroPCS in May of this year. The $17 billion firm, which had bought shares of MetroPCS before the merger, plans to hold the stake in the new company in anticipation of further consolidation in the industry, Paulson & Co. said in a letter to clients, a copy of which was obtained by Bloomberg News.
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