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dealmaker

T-Mobile and Sprint

The DOJ's antitrust division could be set to clash with the White House over T-Mobile's proposed Sprint takeover. The White House backs the $26 billion deal, but the competition regulators reportedly believe consumers will suffer, and Fox Business is reporting they want the DOJ to sue to block the deal. Fox Business
 
T-Mobile US Inc. and Sprint Corp. jumped as Federal Communications Commission Chairman Ajit Pai said he’ll recommend his agency approve the companies’ $26.5 billion merger, turning attention to whether the deal also will win a needed clearance from antitrust regulators.
 
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