US Files to Block AT&T, T-Mobile Deal

This just hit: According to Bloomberg, the U.S. government sued to block AT&T (ticker T) proposed $39bn acquisition of T-mobile USA saying the deal would “substantially lessen competition” in the wireless market.

Shares of AT&T (ticker T) are selling off today, down 3.8% as of 11am EST.

Disclosure: I do not have a position in any stocks mentioned in this article, do not have a plan to initiate a position within the next 72 hours.

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