Deutsche Telekom Puts $35/Share Pricetag On T-Mobile

T-Mobile Inc.' TMUS two-thirds stake holder Deutsche Telekom AG is willing to sell the business for at least $35 a share, according to a report Thursday from Bloomberg news service. T-Mobile traded recently at $30.04 a share, up 2 percent. Deutsche Telekom Chief Executive Timotheus Höttges said in an Aug. 7 statement that an acceptable offer would be higher than T-Mobile's standalone price. T-Mobile's merger talks with Sprint Corp. S reportedly collapsed earlier this month because of anti-trust scrutiny. Those talks were never formally announced. But Iliad, a French mobile operator, has since offered to buy a 56.6 percent stake in T-Mobile for about $33 a share, or $15 billion. Deutshce rejected the Illiad bid Aug. 13, but unconfirmed reports subsequently surfaced that Illiad is now trying to drum up additional financing for a deal with Google Inc. GOOGL and Microsoft Corp. MSFT.