Dish Made Bid for MetroPCS Before T-Mobile Deal
Dish Network Corp. Chairman Charlie Ergen made a bid to acquire MetroPCS in August for about $4 billion, according to people familiar with the matter, the latest sign that the executive has pursued serious steps to enter the wireless business.
Mr. Ergen offered to buy MetroPCS for $11 a share, to be paid in 30 percent cash and 70 percent stock, according to a MetroPCS filing to the Securities and Exchange Commission late Friday and people familiar with the matter. Mr. Ergen had courted MetroPCS since at least last March, according to the filing, which identified Dish only as “Company C.” The people familiar with the matter said Company C was Dish.
