From CNET: T-Mobile's deal with Sprint is almost across the finish line as a New York judge has ruled to let the pending $26.5 billion transaction go ahead. First reported Monday night from The Wall Street Journal and The New York Times, US District Judge Victor Marrero formally ruled in favor of the deal Tuesday.
Fourteen attorneys general, led by New York and California, had opposed the deal, arguing that combining the companies into one would dramatically reduce competition and push up prices.
"Today was a huge victory for this merger … and now we are FINALLY able to focus on the last steps to get this merger done!," T-Mobile CEO John Legere said in a statement. "We want to thank the Court for its thorough review of the facts we presented in our case. We've said it all along: the New T-Mobile will be a supercharged Un-carrier that is great for consumers and great for competition."
Added Sprint executive chairman Marcelo Claure: "Judge Marrero's decision validates our view that this merger is in the best interests of the U.S. economy and American consumers."
View: Full Article