Saturday, June 8, 2013

Department Of Justice Clears Softbank-Sprint Merger

The SoftBank-Sprint merger is almost official. Despite the recent news that SoftBank has been in talks with DeutscheTelekom to set up a backup plan to purchase T-Mobile US if the deal with Sprint went south, it looks like this deal is going to go through. The Department of Justice has cleared the SoftBank-Sprint merger to continue. 

The DOJ had asked the FCC to hold off on making a decision, so the deal could be investigated, but everything is looking good. So, that means the only thing left is for the FCC to approve the merger of course, the competing bid from Dish could still cause problems with the deal. 

Source: FCC

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