FTC approves Sprint-Virgin deal
It’s one thing for two businesses to agree on a merger. It’s another for it to pass through the anti-trust regulators at the Federal Trade Commission. As we saw with the Verizon-Alltel merger, this can include a number of divestitures and other measures to maintain a level of competition in all markets. It appears that this won’t be an issue in Sprint’s acquisition of Virgin Mobile. The FTC approved the deal yesterday. Next up is the FCC. I wonder how the investor lawsuit against Virgin will affect the FCC’s decision process on this matter.
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