Most in the blogosphere seemed to think a Google acquisition of Sprint was unlikely and although I agree the businesses are very different and Google would have a tough time explaining to Wall Street why the merger makes sense, I also have to wonder about the coincidence of Sprint Nextel turning down an acquisition bid just a few weeks after I reported on the initial rumor of Google purchasing the wireless phone carrier.
Although the news of SK Telecom making a failed acquisition does not lend credibility to the rumor, it would seem highly coincidental that the rumor hit my desk from multiple sources as the same time as the company was discussing a possible merger. What’s your take?
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Sprint should have taken the money.