DOJ Attempts To Scuttle AT&T's $39B T-Mobile Buy | FoxBusiness.com
The Department of Justice filed an antitrust lawsuit on Wednesday to block AT&T's (T: 28.05, -1.57, -5.30%) $39 billion planned takeover of T-[COLOR=blue !important][COLOR=blue !important]Mobile[/COLOR][/COLOR] USA due to fears the controversial marriage will create higher prices and fewer options for consumers.Hmmm, 5,000 new jobs returning to the US which is struggling to stay out of a double-dip recession and the DOJ blocks it? Good for you Obama! How's that hope and change working out for everyone?The DOJ suit comes just hours after AT&T vowed to return 5,000 outsourced calling-center jobs to the U.S. if regulators sign off on the transaction. That promise, AT&T said, represented the greatest pledge by an American company to return jobs to U.S. soil since 2008.
This is just dumb. The DOJ seems to be picking and choosing who they will side with. Further proof that government needs to stay out of business.