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Feds nix AT&T buyout of T-Mobile

submitted on August 31, 2011 by equipurple in "Stores / Merchants"
The Justice Department is blocking AT&T's $39 billion deal to buy T-Mobile USA, saying the acquisition of the No. 4 wireless carrier in the country by No. 2 AT&T would reduce competition and raise prices.

http://money.cnn.com/2011/08/3.....antitrust/
     

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  • 123437
    orangearrows
    professor
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    Posted by orangearrows on August 31, 2011
    [reply] 1 0
    And Sprint is smiling Smile
      123442
    • HouTex
      admin
      Posted by HouTex on August 31, 2011
      [reply] 3 0
      A LOT of us are smiling! Big Grin Big Grin Big Grin
  • 123450
    YanBz
    admin
    Posted by YanBz on August 31, 2011
    [reply] 1 0
    This doesn't mean the merger might not still go through.
      123454
    • lootango
      professor
      11 9 1
      Posted by lootango on August 31, 2011 [reply] 0 0
      I will be very disappointed if this deal does end of going through... although I expect they'll settle down the road.
  • 123458
    orangearrows
    professor
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    7 1 1
    Posted by orangearrows on August 31, 2011 [reply] 0 0
    It sure is going to delay things.

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