US/Japan: FCC simultaneously clears Softbank, Sprint, Clearwire deals, say sources
According to unnamed sources, two of the three Federal Communications Commissions members have approved of Japan-based Softbank’s buyout for mobile telecommunications company Sprint. The deal, which sees Softbank acquire a majority share of Sprint at 78 percent, was agreed upon for $21.6 billion. Further, sources said the FCC simultaneously approved of Sprint’s buyout of wireless provider Clearwire. The Sprint takeover, approved by shareholders late last month, involved a brief bidding war between Sprint and Dish Network, the latter of which ultimately dropped out of the buyout race.
Full Content: Investor Place
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI