|11/26/2011, 01:45 PM||#1 (permalink)|
Here is another possible twist in this never ending saga.
November 25, 2011
AT&T to Offer Bigger Asset Sale to Save T-Mobile Deal: Report
(Reuters) - AT&T Inc is considering an offer to divest a significantly larger portion of assets than it had initially expected, in order to salvage its $39 billion deal to buy T-Mobile USA, Bloomberg reported citing a person familiar with the plan.
Bloomberg said the exact size of the divestiture hasn't been determined but reported it could be as much as 40 percent of T-Mobile USA's assets.
The divestiture is an attempt to address the concerns of the Justice Department, which sued to block the takeover on August 31 saying the deal would "substantially lessen competition" in the wireless market, Bloomberg said.
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