T-Mobile, Sprint Sued by States Seeking to Block Tie-Up (2)

A group of states sued to block T-Mobile US Inc.’s proposed takeover of Sprint Corp. on antitrust grounds, putting pressure on the Justice Department as it nears a final decision on the merger of the two wireless carriers.

State attorneys general from nine states and the District of Columbia filed the lawsuit Tuesday in federal court in New York to stop a deal they say will harm competition and raise prices for consumers by at least $4.5 billion a year.

Bloomberg’s Dave McLaughlin reports on states trying to stop the Sprint-T-Mobile merger.

Source: Bloomberg)

“When it comes to corporate power, bigger isn’t always better,” New York Attorney General Letitia James said in ...