AT&T Inc. wouldn’t have much luck trying to salvage its proposed $39 billion takeover of T-Mobile USA Inc. through negotiation with the U.S. Justice Department, leaving a court fight as its only recourse, lawyers said.
The U.S. move to block AT&T Inc.’s purchase of T-Mobile USA Inc. marks a rare Washington defeat for the largest U.S. phone company, a failure deal opponents called a triumph of antitrust analysis over lobbying muscle.
News Corp. is unlikely to face a push by U.S. regulators to revoke any of its 27 U.S. broadcast television licenses as a result of a U.K. law-enforcement probe of alleged phone-hacking by a London newspaper.
News Corp. remains unlikely to lose its U.S. broadcast licenses even as the FBI investigates phone- hacking allegations, according to analysts who caution that the ongoing probe heightens the company’s potential risk.
Concerns are building among members of the U.S. Congress over AT&T Inc.’s proposed $39 billion purchase of T-Mobile USA Inc., as a Democratic senator urged the government to block the deal and three other lawmakers criticized it.
Google Inc.’s planned purchase of Admeld Inc., an Internet advertising company, will be subject to a probe by the U.S. Justice Department for its potential to hurt competition, two people familiar with the situation said.
The U.S. Justice Department is examining whether Google Inc.’s planned $700 million purchase of ITA Software Inc. would lead to skewed search results for travelers seeking flight and ticket information online, according to two people familiar with the matter.
AT&T Inc. ’s $39 billion purchase of T-Mobile USA, the biggest acquisition worldwide in almost a year, may take a year to gain regulators’ approval even if the carrier pledges to sell assets and expand rural coverage.