State AGs Sue To Block T-Mobile-Sprint Merger [Forbes]
SentinelOne, Inc. Class A (S)
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Source: Forbes
State AGs Sue To Block T-Mobile-Sprint Merger John Legere, chief executive officer of US Inc., left, talks to Marcelo Claure, chairman of Sprint Corp. and chief operating officer of SoftBank Group Corp., before the start of a House Judiciary Subcommittee hearing in Washington, D.C., U.S., on Tuesday, March 12, 2019. Photographer: Andrew Harrer/Bloomberg © 2019 Bloomberg Finance LP Nine states and the District of Columbia are suing to block the merger of and Sprint, arguing that the combination of the third- and fourth-largest wireless carriers would undercut competition and drive up prices for consumers. The lawsuit, led by the New York and California attorneys general, could be a significant -- even fatal -- blow to the proposed combination, which is also under review by antitrust authorities at the Justice Department. The head of the Federal Communications Commission, which has also been reviewing the transaction, has expressed support In their lawsuit filed today, the state AGs s
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