MetroPCS ended its pursuit of rival wireless provider Leap Wireless, as it officially withdrew its offer of $4.7 billion in stock plus debt after failing to engage Leap in “meaningful negotiations.” Analysts had touted a union between MetroPCS and Leap as ideal, as both carriers offer pre-paid services that do not require a contract and as there are few, if any, overlapping assets between the two companies. The merged entity would also have emerged as the nation’s fifth largest wireless carrier with licenses covering nearly all of the top 200 U.S. markets. At the time of his company’s unsolicited bid in September, MetroPCS CEO Roger Linquist termed the combination of MetroPCS and Leap as “extremely compelling.” Although the Leap board later rejected the offer as too low, officials said that Leap would remain open to a merger if MetroPCS came forward with an improved offer. The two sides, however, could not reach an agreement, leaving MetroPCS with no choice but to cancel its bid. Commenting on the decision, a MetroPCS spokesman proclaimed that the company “believes strongly in its standalone prospects and will continue to focus on realizing its significant growth opportunities.”