M & A wrap: AT&T goes to court

September 1, 2011

The Justice Department made a bold move when it sued to block AT&T’s $39 billion acquisition of T-Mobile. Now comes the hard part, reports Carlyn Kolker and Diane Bartz.

“The lawsuit seeking to block AT&T Inc.’s takeover of T-Mobile USA Inc. shows a more aggressive antitrust stance by the U.S. Justice Department that limits prospects for other big telecommunications deals,”  Bloomberg reports.

Consumers still lose if AT&T can’t by T-Mobile, writes Dan Frommer.

It’s a good day for the American consumer, not to mention a great day for Sprint and Verizon, writes columnist Felix Salmon.

The NYT flushes out the nuances of the antitrust battle ahead and how AT&T landed in this situation.

On the IPO front, Manchester United reported record full year profit and revenue, strengthening its hand ahead of a planned $1 billion flotation in Singapore later this year.

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see