AT&T's Secret Plan To Finish The T-Mobile Merger (T)

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Now that the Feds want to block the AT&T/T-Mobile deal, before going to court AT&T has a plan to offer a settlement, Reuters has learned.

Basically, the settlement would include a promise to keep T-Mobile's cheap data plans and a bunch of asset sales.

If anything can get the DoJ to back off, it would certainly be something that looks like that. But it doesn't look like the Feds want to back off, it looks like they want to go all the way.

Previously: AT&T Will Fight The Feds All The Way To Buy T-Mobile ? 

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

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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.

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