Justice Dept. trying to block AT&T's takeover of T-Mobile

[Rico]

The U.S. Justice Department is suing to block AT&T Inc.'s proposed $39 billion takeover of T-Mobile USA, saying Wednesday that the combination of the second- and fourth-largest U.S. cellphone companies would hurt competition and likely raise prices.

Read more: http://online.wsj.com/article/SB10001424053111904716604576542373831069388.html#ixzz1WcaNc2et

[Bryancd]

Yep, been watching this all morning on CNBC. It's not a HUGE suprise, the deal was always going to come under scrutiny and a lot of analysts felt it could run afoul of anti-trust. Really makes AT&T an attractive buy here as it yield over 6% in it's dividend.

[Rico]

Interesting read here.  This deal could certainly still happen.

http://www.bloomberg.com/news/2011-09-02/at-t-said-to-misread-u-s-signals-in-meetings-before-t-mobile-deal-blocked.html

[turtlesrock]

it would hurt competition, but isn't that what competition's all about?

"a strategic advantage" - :klingon  ;D