Merger Mania: Corporate Consolidations Promise Lofty Returns, Can They Deliver?
The number of major wireless carriers in America may soon go from four to three. Over the weekend, T-Mobile C.E.O. John Leger and Sprint C.E.O. Marcelo Claure announced a nearly $27-billion merger between the third and fourth largest wireless carriers in the United States. The two companies will now have to convince the Trump administration not to block their merger, which it is currently trying to do in another case being argued in court: AT&T’s $85 billion dollar planned acquisition of Time Warner. The Takeaway examines what implications that case may have for the T-Mobile-Sprint deal. Plus, we review the exclusive list of questions Special Counsel Mueller has for President Trump, leaked to The New York Times; a modern-era remake of Spike Lee's classic, "He Got Game;" and a suicide bomb in Afghanistan's capital that killed nine journalists.