SAN FRANCISCO (TheStreet) – French telecom carrier Iliad is reportedly interested in snapping up a larger slice of T-Mobile US (TMUS) - Get T-Mobile US, Inc. Report , driving up its shares 2.45% to $28.80 at the close.
Iliad, which expressed in July its interest in buying a 56.6% stake in T-Mobile from the U.S. carrier's parent Deutsche Telekom (DTEGY) for approximately $33 a share, is now eyeing a larger stake, according to a report in Bloomberg.
Although Iliad may seek a larger stake, it does not necessarily want to pay a higher per share price, according to the report. That said, Deutsche Telekom, which holds a 66% stake in T-Mobile, believes a $35 a share buyout price is more within reason.
T-Mobile, the nation's fourth largest carrier, may have few options for a suitor. Sprint (S) - Get SENTINELONE, INC. Report , the third largest telecom in the U.S., bowed out of the picture in August after realizing U.S. antitrust regulators would likely kill the deal.
In a Tweet, Musk teased his Twitter followers by posting a picture of a car that was partially exposed and carried a caption: "About time to unveil the D and something else."
The online group-buying discount company introduced its free app, 'Snap by Groupon,' which provides cash rewards to customers when they purchase certain merchandise at supermarkets and retailers in the U.S. and Canada.
The move comes as Groupon seeks to differentiate itself from all the other group buying sites that have popped up in recent years from LivingSocial to Yipit.
Under its Snap by Groupon, users will take a picture of their receipt and receive some cash back for their purchases made off the app's list. Like the saying goes, 'sometimes it takes money to make money.'
Investors may have looked unfavorably on the company's founders getting the green light to gift 5.8 million GoPro shares to a charitable foundation the couple had created.
Currently, GoPro shares held by insiders and employees are subject to a lock-up restriction, following the company's June IPO. Typically, insiders and employees are prevented from selling shares for six months following an IPO, otherwise known as the lock-up period.
GoPro founders Nicholas and Jill Woodman plan to gift these shares on Friday to their Nicholas + Jill Woodman Foundation. The Woodman's charity, however, is not subject to a lock-up restriction and can sell the shares anytime.
At the time of publication, the author held no positions in any of the stocks mentioned, although positions may change at any time.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.