by Mike Masnick
Wed, Aug 31st 2011 12:55pm
Wow! Well, this is a bit of a surprise. The US government, who had been rubber stamping various mergers for a while now, especially in the telco/broadband space, may finally have had enough. The Justice Department has officially moved to block the merger, technically filing a lawsuit against it on antitrust grounds. From the beginning, most people had assumed that no one would block the merger, though in the last few weeks there were definite rumblings suggesting that the tides were shifting. Even so, having the DOJ jump in with a lawsuit is a surprise. AT&T insists that the move was a surprise to it as well, which is also a bit odd. Typically, the DOJ tends to telegraph this kind of move, in order to either pre-emptively end the merger attempt or to get much greater concessions. It's not entirely clear what pushed the DOJ off the fence on this one, but AT&T accidentally revealing that it had lied about the key reasons for the merger couldn't have helped...
If you liked this post, you may also be interested in...
- Net Neutrality Rules Are Already Forcing Companies To Play Fair, And The Giant ISPs Absolutely Hate It
- Before Freaking Out About The FCC's New Neutrality Rules, Perhaps You Could Be Bothered To Actually Read Them
- California Supreme Court Shows How Pharma 'Pay For Delay' Can Violate Antitrust Laws
- After Blowing $336 Million On Failed Merger, Comcast Again Proves New Neutrality Rules Won't Harm Broadband Investment
- Apple Trying To Kill Off Spotify's Free Tier; DOJ Now Investigating For Antitrust