T-Mobile and Sprint extend merger deadline to allow for antitrust review

Story continues below advertisement

Makan Delrahim, head of the U.S. Justice Department’s Antitrust Division, said in a television interview that meetings were ongoing as regulators review the deal. “I have not made up my mind,” he told CNBC. “The investigation continues. We’ve requested some data from the companies that will be forthcoming. We don’t have a set number of meetings or a time line.”

“If the case is there for us to challenge a transaction or suggest changes, we will do that,” he said. The division is reviewing the argument that the deal would allow the combined company to produce a better, faster 5G, the next generation of wireless, he added. “We’re all one team, the antitrust division,” he said. “We will make a decision collectively. My job is to make sure that the analysis is done properly, make sure that the facts are there.”

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Deutsche Bank and Commerzbank call off merger talksThe announcement from both banks came during the sixth week of merger talks between the two German lenders
Source: globeandmail - 🏆 5. / 92 Read more »

CBS suspends CEO search, renewing Viacom merger speculationSpeculation over the past few months about CBS considering for the third time a tie-up with Viacom hindered its search for a CEO as candidates worried about how their position could be jeopardized
Source: globeandmail - 🏆 5. / 92 Read more »