Report: Justice Department Extending Review of ATT-T-Mobile Deal
The Justice Department appears ready to take its time reviewing AT&T’s planned $39 billion takeover of T-Mobile USA. According to Bloomberg, the DOJ has requested more information from the companies, a move that signals a longer review period. An AT&T representative declined to comment, though the company has been girding for a prolonged fight. Sprint has vocally opposed the deal and vowed to try to convince regulators to block the acquisition. Both the DOJ and Federal Communications Commission need to sign off for the deal to go forward.