Citing antitrust fears, Sprint Corp. at a board meeting on Tuesday called off its $32 billion bid for T-Mobile US Inc., according to The Wall Street Journal and The New York Times. It's bad news not just for shareholders—both companies' stocks have taken a nose-dive—but also for a small army of antitrust lawyers waiting in the wings.
August 06, 2014 at 01:04 PM
1 minute read
Citing antitrust fears, Sprint Corp. at a board meeting on Tuesday called off its $32 billion bid for T-Mobile US Inc., according to The Wall Street Journal and The New York Times.
It’s bad news not just for shareholders—both companies’ stocks have taken a nose-dive—but also for a small army of antitrust lawyers waiting in the wings.
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