Sprint stock falls 10% on report T-Mobile merger is unlikely to be approved as currently structured

Sprint stock falls 10% on report T-Mobile merger is unlikely to be approved as currently structured

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/04/16/sprint-stock-falls-10percent-on-report-t-mobile-merger-is-unlikely-to-be-approved-as-currently-structured.html

The Justice Department is unlikely to approve a planned $26 billion merger between T-Mobile and Sprint, The Wall Street Journal reported Tuesday.

Staffers from the Justice Department have reportedly told both carriers that the deal may not be approved under its current structure, the Journal reported, citing people familiar with the matter.