Don’t want people to pay attention to something? Make your move over the Thanksgiving holiday.
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A doomed deal? AT&T withdraws T-Mobile bid at the FCC
AT&T has withdrawn a key piece of its bid for T-Mobile. Though the move is said to be temporary, the massive merger is in serious trouble.
The Federal Communications Commission (FCC) has suggested for weeks that it had big problems with AT&T’s $39 billion buyout of T-Mobile USA. On November 22, the FCC made its displeasure even clearer, forwarding the entire merger to an administrative law judge for review and demanding that AT&T prove the deal would be in the public interest.
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wow — that is big news and interesting timing!
Having been involved in two public company acquisitions myself, I am well aware that these aren’t complete until everything is approved. Looks like the T-Mobile Woman will have a job for some time.