• 15 Jul 2008 at 3:09 PM

Will Sprint Turn Korean?

By Bess Levin

Sprint Korea Telecom.jpgIf 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.

Comments (34)

  1. 1
    Posted by guest | July 15, 2008 at 3:19 PM

    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.

  2. 2
    Posted by guest | July 15, 2008 at 3:20 PM

    no it’s backed by a sovereign health fund.

  3. 3
    Posted by guest | July 15, 2008 at 3:23 PM

    Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.

  4. 4
    Posted by guest | July 15, 2008 at 3:37 PM

    Private entity or private equity?

  5. 5
    Posted by guest | July 15, 2008 at 3:44 PM

    Are they trying to buy Sprint or Splint? I couldn’t tell what the Asian banker said.

  6. 6
    Posted by guest | July 15, 2008 at 3:49 PM

    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?

  7. 7
    Posted by guest | July 15, 2008 at 3:49 PM

    Buying a spa-rint-2…

  8. 8
    Posted by guest | July 15, 2008 at 3:51 PM

    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?’

  9. 9
    Posted by guest | July 15, 2008 at 3:53 PM

    Reuters ‘breaking news’ says there are no buyout talks, just tech collaboration.
    CNBC was wrong but how could you possibly think Fox is better????

  10. 10
    Posted by guest | July 15, 2008 at 4:06 PM

    guest 3:53pm……Bet you don’t have money in the market.

  11. 11
    Posted by diablo | July 15, 2008 at 4:09 PM

    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%.

  12. 12
    Posted by guest | July 15, 2008 at 4:10 PM

    Sprint/Nextel – network frequency consolidation, uhg
    Sprint/NASCAR, Sprint/Korea
    In nearly every transaction, Sprint’s ‘diversification’ makes itself worse

  13. 13
    Posted by guest | July 15, 2008 at 4:14 PM

    Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.

  14. 14
    Posted by guest | July 15, 2008 at 4:16 PM

    I think it’s “Foxy Business” rather, if you take a peek at the ‘anchorhotties’.

  15. 15
    Posted by guest | July 15, 2008 at 4:20 PM

    Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.

  16. 16
    Posted by guest | July 15, 2008 at 4:20 PM

    http://www.reuters.com/article/ousiv/idUSN1534758720080715

  17. 17
    Posted by guest | July 15, 2008 at 4:21 PM

    Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.

  18. 18
    Posted by guest | July 15, 2008 at 4:22 PM

    Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.

  19. 19
    Posted by guest | July 15, 2008 at 4:24 PM

    Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.

  20. 20
    Posted by Anal_yst | July 15, 2008 at 4:25 PM

    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…

  21. 21
    Posted by guest | July 15, 2008 at 4:25 PM

    Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.

  22. 22
    Posted by guest | July 15, 2008 at 4:27 PM

    Fox Business is an absolute joke of a channel. I realize we all crack on CNBC, but Fox Business is utterly irrelevant.

  23. 23
    Posted by guest | July 15, 2008 at 4:27 PM

    @4:06
    Money in the market? do you still own equities???

  24. 24
    Posted by guest | July 15, 2008 at 4:29 PM

    Bess & Carney,
    Why is the Erin Callan thread offline?

  25. 25
    Posted by guest | July 15, 2008 at 4:30 PM

    South Korea Telecom is NOT in talks to acquire Sprint.

  26. 26
    Posted by guest | July 15, 2008 at 4:31 PM

    South Korea Telecom is NOT in talks to acquire Sprint.

  27. 27
    Posted by guest | July 15, 2008 at 4:32 PM

    South Korea Telecom is NOT in talks to acquire Sprint.

  28. 28
    Posted by guest | July 15, 2008 at 4:34 PM

    South Korea Telecom is NOT in talks to acquire Sprint.

  29. 29
    Posted by guest | July 15, 2008 at 4:36 PM

    can every one please answer carney’s question? “How do you say “Can you hear me now?” in Korean?”

  30. 30
    Posted by guest | July 15, 2008 at 4:40 PM

    Posted by guest, Jul 15, 2008 4:29PM
    Bess & Carney,
    Why is the Erin Callan thread offline?

  31. 31
    Posted by guest | July 15, 2008 at 4:40 PM

    “Can you hear me now” is Verizon’s slogan.

  32. 32
    Posted by guest | July 15, 2008 at 6:27 PM

    SK stands for “Sun Kyung”; NOT South Korea

  33. 33
    Posted by guest | July 16, 2008 at 11:18 AM

    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.

  34. 34
    Posted by guest | July 16, 2008 at 11:20 AM

    Obviously, someone at the top is in CNBC’s payroll.

Leave a comment

You can log in with your account or comment as a guest below.

   or