Our news chief ek hornbeck has the evening off. (Yes, we let him out of his mom’s basement once on awhile).
U.S. moves to block AT&T, T-Mobile deal
WASHINGTON/NEW YORK (Reuters) – The Obama administration sued to block AT&T Inc’s $39 billion acquisition of wireless rival T-Mobile on concerns it would harm competition, launching its biggest challenge yet to a takeover and dealing the carrier a potentially costly blow.
AT&T, led by Chief Executive Randall Stephenson, plans to fight the government’s decision in court, and analysts say it might have to make big concessions — including selling major assets — to mollify regulators.
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