T-Mobile/Sprint merger is in danger of being rejected by DOJ

Enlarge / T-Mobile CEO John Legere (left) and then-Sprint CEO Marcelo Claure during an interview on the floor of the New York Stock Exchange on April 30, 2018. (credit: Getty Images | Bloomberg)

T-Mobile US and Sprint are facing potential rejection of their proposed merger at the US Department of Justice.

DOJ staffers "have told T-Mobile US and Sprint that their planned merger is unlikely to be approved as currently structured," The Wall Street Journal reported today, citing people familiar with the matter.

"In a meeting earlier this month, Justice Department staff members laid out their concerns with the all-stock deal and questioned the companies' arguments that the combination would produce important efficiencies for the merged firm," the Journal wrote.

Read 13 remaining paragraphs | Comments