Tag Archives: Wall Street Journal

Sprint, T-Mobile merger ‘unlikely’ to be approved by DOJ: report | Mashable

Things aren’t looking good for the big merger between Sprint and T-Mobile.

The Department of Justice antitrust enforcement has informed Sprint and T-Mobile that the merger is “unlikely” to receive approval, according to the Wall Street Journal.

Speaking to sources familiar with the merger, the report states that the $26 billion deal is concerns from the Justice Department’s antitrust division over threats the merger poses to competition. Sprint and T-Mobile are the third and fourth biggest mobile carriers in the country.

Further complicating matters, several U.S. states are considering taking legal action against the two companies if the DOJ decides not to challenge the merger.

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