T-Mobile recently published an announcement which states that they are ready to acquire Sprint for $US26 billion in stocks. This would result in third and fourth largest American service providers to merge, which attracts a bit of scrutiny among the consumers.
Court discussions were lead by Attorney General Letitia James, who said that the most important thing in all of this is for consumers to receive the best possible price for the given service and that the newly opened jobs are coming with appropriate paychecks. U.S. Federal Judge gave approval for the companies to merge, only with New York and California challenging the merger of T-Mobile and Sprint, stating that this will drive the prices of the services up in general.
Interestingly enough, once the merger was announced, the deal was worth $US26 billion, while up to this point, since the value of T-Mobile stocks has risen, the deal is estimated to be worth at least $US40 billion, which definitely shows how high of a potential this has in the eyes of the consumers. We are yet to report on the final date of the merger and whether or not California and/or New York will approve of this.
Source: VentureBeat
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