Monday, December 19, 2011

DealBook Alert: AT&T Withdraws $39 Billion Bid for T-Mobile USA

Dealbook News Alert
The New York Times
Monday, December 19, 2011 -- 4:45 PM EST
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AT&T Withdraws $39 Billion Bid for T-Mobile USA

AT&T said late on Monday afternoon that it had withdrawn its $39 billion takeover bid for T-Mobile USA, acknowledging that it could not overcome opposition from the Obama administration to creating the nation's biggest cellphone service provider.

Read More:
http://dealbook.nytimes.com/2011/12/19/att-withdraws-39-bid-for-t-mobile/?emc=da

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