New York drops fight against T-Mobile-Sprint merger | |||
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 New York drops fight against T-Mobile-Sprint mergerNew York has dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc and Sprint Corp, saying the state would not appeal a judge's approval of the deal. Ciara Lee reports |
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New York is dropping its fight against the $40 billion merger of U.S. wireless carriers T-Mobile and Sprint saying on Sunday (February 16) that the state would not appeal a judge's approval of the deal ending its challenge to the 2018 merger agreement, between the third- and fourth-largest U.S. wireless carriers.
Instead, the New York attorney general said she hopes "to work with all the parties to ensure that consumers get the best pricing and service." A U.S. federal judge gave the companies the green light last week to complete the deal.
New York, California and other states had challenged it on antitrust grounds.
Other states have also stopped pursing their fight, and instead focusing on jobs they were promised.
California says it is still reviewing the court ruling and its options.
The all-stock deal was originally valued at $26 billion.
But with gains in the value of T-Mobile shares since it was announced, the deal is now worth $40 billion.
 vijay banga RT @ReutersBiz: New York dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile and Sprint Corp, saying the st… 54 seconds ago  Reuters Business New York dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile and Sprint Corp, sayin… https://t.co/LCnWLgUFDD 5 minutes ago  Reuters India New York dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile and Sprint Corp, sayin… https://t.co/yaKM4rHNpt 55 minutes ago  cunmarket.com RT @Reuters: New York drops fight against T-Mobile-Sprint merger that it had challenged on antitrust grounds https://t.co/QVcXJqw3P1 https:… 2 hours ago  Reuters New York drops fight against T-Mobile-Sprint merger that it had challenged on antitrust grounds… https://t.co/c7dvi7tKKZ 3 hours ago  Calton_macready.official RT @ReutersBiz: New York drops fight against T-Mobile-Sprint merger that it had challenged on antitrust grounds https://t.co/jWVhEdxNGh htt… 4 hours ago Reuters Business New York drops fight against T-Mobile-Sprint merger that it had challenged on antitrust grounds… https://t.co/sJhHM08ZcQ 4 hours ago |