Moneybags Verizon swoops in, swipes Straight Path from AT&T with a $3.1bn pot of gold

Just one month after announcing a $1.7bn acquisition deal with AT&T, 5G spectrum holder Straight Path now says it is instead inking a $3.1bn deal with Verizon. The telco giant announced on Wednesday that it would be paying $184.00 per share in an all-stock acquisition deal. Pending shareholders' and US comms watchdog the FCC's …

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Acquisition choices

At least the acquisition of StraightPath makes some sense, as opposed to past form of buying obsolete companies at inflated valuations.