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Technology Stocks : Softbank Group Corp

SFTBY 80.96

-8.4%

2:39 PM EST

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To: Glenn Petersen who wrote (5825)	5/20/2019 3:08:17 PM
From: Glenn Petersen	of 6018

And on the other hand... DOJ Leans Against Approving T-Mobile’s Takeover of Sprint Bloomberg News ] May 20, 2019 A pedestrian passes in front of a Sprint Corp. store in New York, U.S. Photographer: Jeenah Moon/Bloomberg __________________ The Justice Department is leaning against approving T-Mobile US Inc.’s proposed takeover of Sprint Corp. because the remedies proposed by the companies don’t go far enough to resolve antitrust concerns, according to a person familiar with the review, Bloomberg News reports. Opposition by the Justice Department on competition grounds would mark a major setback to T-Mobile and Sprint hours after winning support earlier Monday from the Federal Communications Commission chairman Ajit Pai. His endorsement came after the companies proposed a package of commitments to win regulatory blessing for their $26.5 billion deal. bloomberg.com

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