Submission + - Justice Department blocks AT&T-T-Mobile merger (forbes.com) 1
AngryDeuce writes: 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.
The deal has faced tough opposition from consumer groups and No. 3 carrier Sprint since it was announced in March.
The deal has faced tough opposition from consumer groups and No. 3 carrier Sprint since it was announced in March.
The Real Original Source (Score:2)
http://www.bloomberg.com/news/2011-08-31/u-s-files-antitrust-complaint-to-block-proposed-at-t-t-mobile-merger.html [bloomberg.com]
I know it's an AP Wire so it'll show up on hundreds of news outlets at once. But Bloomberg got the scoop.