There are over a dozen articles highlighting the reasons why the buy-out was rejected but, the flat out news is that Metro PCS & Cricket will NOT be merging for now. If you’d like to get in the gritty details you can read this article entitled, “Leap Wireless Rejects $4.7 Billion MetroPCS Offer” on Bloomberg.

UPDATE: Stock analysts respond to the news in this article, “Cricket Communications parent downgraded after rejecting buyout offer“.

I have a feeling Cricket has an ace up their sleeve that they are waiting to drop before Metro PCS offers more (if they do).