Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 43 | NO. 15 | Friday, April 12, 2019

Sprint, T-Mobile shares dive after WSJ casts doubt on deal

Print | Front Page | Email this story

NEW YORK (AP) — Sprint and T-Mobile shares are falling after a Wall Street Journal report cast doubt on the likelihood of government approval of their $26.5 billion merger .

The Journal says Justice Department antitrust staff, which is reviewing the takeover, questioned the companies' reasoning for it in a meeting this month. The report cited people familiar with the matter.

Wall Street has grown more skeptical of the merger being completed in recent months. House Democrats grilled the companies in a hearing in February.

The Obama administration rebuffed the companies' earlier effort to merge, as well as an attempted deal between AT&T and T-Mobile.

Messages to T-Mobile, Sprint and DOJ were not immediately answered.

Sprint shares are down more than 9 percent in after-hours trading. T-Mobile stock is down 5.5 percent.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0