Sprint, T-Mobile shares dive after WSJ casts doubt on deal

Sprint, T-Mobile shares dive after WSJ casts doubt on deal

5 years ago
Anonymous $9jpehmcKty

https://apnews.com/b2b4f04f498e47f98ca9a44354ac27b1

NEW YORK (AP) — Sprint and T-Mobile shares fell after a Wall Street Journal report cast doubt on the likelihood of government approval of the companies' $26.5 billion merger .

The Journal said that Justice Department antitrust personnel, who are reviewing the takeover, questioned the companies' reasoning for it in a meeting this month. The report said the government and the companies are still talking. It cited people familiar with the matter.