Goodbye, Sprint: US judge approves T-Mobile’s purchase of competitor

Goodbye, Sprint: US judge approves T-Mobile’s purchase of competitor

4 years ago
Anonymous $-riAjkQg_1

https://arstechnica.com/tech-policy/2020/02/goodbye-sprint-us-judge-approves-t-mobiles-purchase-of-competitor/

T-Mobile's $26 billion acquisition of Sprint is basically a done deal, as a federal judge today ruled that the merger can go forward. T-Mobile said in response that "the companies are now taking final steps to complete their merger," signaling that the deal will likely be finalized soon.

Attorneys general from thirteen states and the District of Columbia sued to block the merger, saying it would reduce competition in the wireless telecommunications market and harm consumers with higher prices. Their arguments were rejected in a ruling issued by District Judge Victor Marrero of US District Court for the Southern District of New York.