BREAKING: Justice Department Files Lawsuit To Block AT&T, T-Mobile Merger

  x You have successfully emailed the post. Image: Courtesy of engadget

The U.S. Department of Justice has filed an anti-trust lawsuit to block AT&T's planned $39 billion merger T-Mobile.

“AT&T’s elimination of T-Mobile as an independent, low- priced rival would remove a significant competitive force from the market,” DOJ said in its filing obtained by Bloomberg.

AT&T shares are down about 4 percent on the news, while those of Sprint — seen as losing out if the merger were to go through — are up over 7 percent.

Please follow Politics on Twitter and Facebook.
Follow Zeke Miller on Twitter.

x

To embed this post, copy the code below and paste into your website or blog.

View the original article here

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.