AT&T announced Monday that it would end its attempted takeover of T-Mobile, saying that it could not overcome opposition from the Justice Department and the Federal Communications Commission. The $39 billion deal would have been the largest corporate merger of the year, and would have created the nation’s biggest mobile phone provider. The Obama administration opposed the deal on anti-trust grounds, and the Justice Department sued in August to stop the merger from happening. Michael de la Merced, Dealbook reporter for The New York Times, discusses the latest on the story.
At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.
Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever!