Sprint joined the Justice Department in suing AT&T in an attempt to block the carrier's merger with T-Mobile, while Apple and Samsung continue to battle it out in court around the world.
Sprint Sues AT&T, Tries to Block Merger
Sprint filed a lawsuit to block AT&T's pending $39 billion merger with T-Mobile, continuing its advocacy against the deal on behalf of consumers and competition. Sprint likely hopes its suit will aid the Department of Justice's case against AT&T.
But U.S. District Judge Ellen Huvelle ordered AT&T and the DoJ to discuss a settlement. AT&T will likely offer to sell part of T-Mobile along with additional compensation, but it's unclear if this will sway the DoJ to drop the case.
If the merger fails, T-Mobile is entitled to a $6 billion break-up fee in cash and other assets from AT&T, but only under certain conditions. AT&T will not have to pay if T-Mobile loses too much value or if the Federal Communications Commission takes too long to decide.
