If a pin drops in Korea, does it make a sound? Just a short time ago, CNBC's David Faber just reported on "Street Signs" that South Korea Telecom is in talks to acquire Sprint. Apparently the deal is being backed, and most likely promoted, by private entity firms.
The bid is being presented as a friendly acquisition but the Sprint board is divided on the sale, Faber reported. Any announcement is probably weeks away. Unless, of course, Faber's hand forces the parties to start talking publicly.
Posted by guest , Jul 15, 2008 3:19PM
Carney.....what is all this sucking up to CNBC lately? Like someone recently asked "are you trying to get into MB's pants?" There are two other, better sources for market goings-on....Bloomberg and FOX Business. While very lenthy, the Senate Banking gathering with Bernanke, Paulsen and Cox was carried in entirety on Fox and Bloomberg while greed continued on CNBC while they continued to run commercials. Hey Hey.
Posted by guest , Jul 15, 2008 3:20PM
no it's backed by a sovereign health fund.
Posted by guest , Jul 15, 2008 3:23PM
Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.
Posted by guest , Jul 15, 2008 3:37PM
Private entity or private equity?
Posted by guest , Jul 15, 2008 3:44PM
Are they trying to buy Sprint or Splint? I couldn't tell what the Asian banker said.
Posted by guest , Jul 15, 2008 3:49PM
The real question is...how they will rename the NASCAR Sprint Cup Series so that the rednecks can still pronounce it when this gets gobbled up by the Koreans?
Posted by guest , Jul 15, 2008 3:49PM
Buying a spa-rint-2...
Posted by guest , Jul 15, 2008 3:51PM
it's 'yeobosaeyo' and skt was in the news as they (are/were) selling their stake in helios unit to co-investor virgin.
'yeobosaeyo, yeobosaeyo?'
Posted by guest , Jul 15, 2008 3:53PM
Reuters 'breaking news' says there are no buyout talks, just tech collaboration.
CNBC was wrong but how could you possibly think Fox is better????
Posted by guest , Jul 15, 2008 4:06PM
guest 3:53pm......Bet you don't have money in the market.
Posted by diablo , Jul 15, 2008 4:09PM
The Sprint board should take it. The only other telco in the US that might want Sprint is Verizon, and they are still not able to buy out Vodafone so to own Verizon Wireless 100%.
Posted by guest , Jul 15, 2008 4:10PM
Sprint/Nextel - network frequency consolidation, uhg
Sprint/NASCAR, Sprint/Korea
In nearly every transaction, Sprint's 'diversification' makes itself worse
Posted by guest , Jul 15, 2008 4:14PM
Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.
Posted by guest , Jul 15, 2008 4:16PM
I think it's "Foxy Business" rather, if you take a peek at the 'anchorhotties'.
Posted by guest , Jul 15, 2008 4:20PM
Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.
Posted by guest , Jul 15, 2008 4:20PM
http://www.reuters.com/article/ousiv/idUSN1534758720080715
Posted by guest , Jul 15, 2008 4:21PM
Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.
Posted by guest , Jul 15, 2008 4:22PM
Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.
Posted by guest , Jul 15, 2008 4:24PM
Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.
Posted by Anal_yst , Jul 15, 2008 4:25PM
Sprint cup -> SK Cup?
I think Virgin should buy em (haha) so we can have the Virgin Cup, just imagine how creative they could get with the prizes...
Posted by guest , Jul 15, 2008 4:25PM
Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.
Posted by guest , Jul 15, 2008 4:27PM
Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.
Posted by guest , Jul 15, 2008 4:27PM
@4:06
Money in the market? do you still own equities???
Posted by guest , Jul 15, 2008 4:29PM
Bess & Carney,
Why is the Erin Callan thread offline?
Posted by guest , Jul 15, 2008 4:30PM
South Korea Telecom is NOT in talks to acquire Sprint.
Posted by guest , Jul 15, 2008 4:31PM
South Korea Telecom is NOT in talks to acquire Sprint.
Posted by guest , Jul 15, 2008 4:32PM
South Korea Telecom is NOT in talks to acquire Sprint.
Posted by guest , Jul 15, 2008 4:34PM
South Korea Telecom is NOT in talks to acquire Sprint.
Posted by guest , Jul 15, 2008 4:36PM
can every one please answer carney's question? "How do you say "Can you hear me now?" in Korean?"
Posted by guest , Jul 15, 2008 4:40PM
Posted by guest, Jul 15, 2008 4:29PM
Bess & Carney,
Why is the Erin Callan thread offline?
Posted by guest , Jul 15, 2008 4:40PM
"Can you hear me now" is Verizon's slogan.
Posted by guest , Jul 15, 2008 6:27PM
SK stands for "Sun Kyung"; NOT South Korea
Posted by guest , Jul 16, 2008 11:18AM
A large Asian company buying another American junk/loser? I think Asians should stop buying losers but focused on creating a new company and compete.Asians actually start to become wiser.They hate it when any of their company enter a losing market bec. they think they end up absorbing the loses.
Posted by guest , Jul 16, 2008 11:20AM
Obviously, someone at the top is in CNBC's payroll.