Shares of Sprint S, +2.21% and T-Mobile US TMUS, +0.42% fell in after-hours trade after The Wall Street Journal reported that Justice Department staffers have told the companies their planned merger is unlikely to be approved as currently structured. The report citing people familiar with the matter as saying the staff members questioned the companies' arguments that the combination would produce important efficiencies for the merged firm.
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T-Mobile, Sprint Deal Runs Into Resistance From DOJ Antitrust StaffJustice Department staffers have told T-Mobile US Inc. and Sprint Corp. that their planned merger is unlikely to be approved as currently structured, according to people familiar with the matter, casting doubt on the fate of the $26 billion deal. In 2018 we heard many stories regards hacks, assets stolen, etc. Store your crypto on best & most secured device ever made Ledger Nano X. Get now as it is selling at the lightning speed. And yet we have no choice when it comes to cable service.... Too late for the doj, you just allowed AT&T to buy CNN. It would now be unfair to NOT let them merge.
Source: WSJ - 🏆 98. / 63 Read more »