In a move that isn’t going to come as much of a surprise after both companies confirmed the talks, both boards have approved a $1.5 billion dollar deal. The combined company will be called T-Mobile and run by newly installed T-Mobile Chief Executive John Legere. The deal itself will be structured as a “reverse merger,” meaning that MetroPCS will in effect take on its larger rival. Such a move allows T-Mobile to … [read full article]