Deja Vu: T-Mobile’s Sprint Merger May Be a No-Go Again
Washington Post - 04-17
I hope T-mobile didn’t already order a bunch of magenta T-shirts to hand out to the Sprint team. Their merger may be a no-go. The Justice Department told T-Mobile US Inc. and Sprint Corp. earlier this month that it’s unlikely to approve their deal as it’s currently structured, according to a Wall Street Journal report Tuesday afternoon. It’s especially bad news for Sprint, the weaker of the two businesses. Its shares plunged more than 8 percent in after-hours trading, while T-Mobile fell 5 percent.