Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday August 31, 2011

Government Sues to Block AT&T, T-Mobile Merger

You know your proposed merger is in trouble when Uncle Sam sues you. All joking aside, I do think it is rather odd that it took the government this long to file suit though.

The Justice Department filed suit Wednesday to block AT&T's $39 billion deal to buy T-Mobile USA on grounds that it would raise prices for consumers. The government contends that the acquisition of the No. 4 wireless carrier in the country by No. 2 AT&T would reduce competition and thus lead to price increases.