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AT&T drops bid to acquire T-Mobile

Four months after government moved to block merger, communications giant gives in

It’s official. AT&T has dropped its bid to acquire T-Mobile USA, which is owned by Germany-based Deutsche Telekom AG.

Last week, the communications giant said in a statement that it was considering dropping the $39 billion purchase after a district judge in Washington, D.C., granted a request by both AT&T and the Department of Justice (DOJ) to postpone the government’s proceedings to challenge the merger. In a Dec. 12 statement in response to the judge’s postponement, AT&T said, “We are actively considering whether and how to revise our current transaction to achieve the necessary regulatory approvals.”


Cathleen Flahardy

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