Sprint and T-Mobile are nailing down the final details of a merger likely to be announced at the end of October, Bloomberg reports citing sources familiar with the matter.
Both sides are conducting last-phase due diligence on Sprint’s valuation and figuring out questions like headquarters location and executive management teams, per Bloomberg. Rumors of this deal have been swirling for months.
Now that Trump’s antitrust chief Makan Delrahim has finally been confirmed, it makes sense for the companies to move the announcement along in short order.
While antitrust regulators are expected to be more open to horizontal mergers than during the previous administration, the deal’s impact on wireless competition will get close scrutiny by both the Justice Department and Federal Communications Commission.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
NCAA and SEC Approve Historic $2.8 Billion Settlement in Antitrust Cases
May 23, 2024 by
CPI
Apple Defends 27% Fee in Compliance with Court Order, Phil Schiller Testifies
May 23, 2024 by
CPI
French Billionaire Xavier Niel Eyes $4 Billion Millicom Buyout
May 23, 2024 by
CPI
ITA-Lufthansa Merger Faces Scrutiny from European Commission
May 23, 2024 by
CPI
Google Explores Major Acquisition of HubSpot to Bolster Cloud
May 23, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI