A proposed merger between AT&T and T-Mobile is being challenged in court by antitrust regulators in the U.S. Department of Justice.
A proposed merger between communications giant AT&T and rival company T-Mobile is being challenged by antitrust regulators. The U.S. Department of Justice has filed a lawsuit attempting to block the $39 billion dollar merger between the two companies.
AT&T Inc's proposal for the acquisition of T-Mobile USA, a $39 billion merger, has led to pressure on antitrust regulators to quash the plan.
In 2006, state officials repeatedly shot down attempts for a merger between Exelon and Public Service Enterprise Group Inc., a utility company based in Newark, New Jersey. Antitrust regulators were concerned that such a move might allow the resulting company to monopolize regional power markets and gouge prices. Other proposed utility mergers were rejected as well, due to companies unwilling to make all the concessions requested of them by regulators.
The previous post began to discuss some of the implications of the Comcast-NBC Universal merger recently approved by antitrust regulators with the FCC and Department of Justice. Comcast officially takes over control from General Electric of NBC Universal on Friday.
After receiving approval from antitrust regulators with the Federal Communications Commission (FCC) and the Department of Justice for the $30 billion merger, Comcast will officially take over operations of NBC Universal on Friday.
On Tuesday, government antitrust regulators gave the green light to Comcast's merger deal with NBC Universal. According to The Wall Street Journal, Comcast is expected to close the $30 billion deal late next week. Last December, Comcast acquired a controlling stake in NBCU from General Electric Co. Since then, antitrust regulators with the Federal Communications Commission and the Justice Department have been studying the deal.
Comcast is still waiting for a green light from the Federal Communications Commission and antitrust regulators with the Justice Department for the company's merger with NBC Universal. Comcast and NBCU were hoping to have the proposed $30 billion merger approved this month.
The Federal Communications Commission is close to approving the merger between cable-giant Comcast and NBC Universal. According to a Post Tech blog by Cecilia Kang published by The Washington Post, the chairman of the FCC has put together a draft proposal with conditions for approving the merger and issued it to the rest of the FCC members on Thursday.
Cable giant Comcast is hoping to have its $30 billion merger with NBC Universal approved by the FCC and Justice Department antitrust regulators by early next year. The deal has faced criticism and skepticism from media watchdog and consumer groups. Comcast has always said that the merger will be good for consumers. Now, as reported in the previous post, Comcast is facing more challenges from the Writers Guild of America.