States challenging T-Mobile US Inc.'s bid to acquire Sprint Corp. could tie up the deal for months, seek injunctions to halt their integration or negotiate for more concessions.
The proposed $26.5 billion transaction could drag on even if the Justice Department decides not to oppose it.
“I would say they have a strong case to bring, and then as far as interplay with DOJ, I think they would love it if DOJ joined in but I think they would go forward either way,” John Newman, an assistant law professor at the University of Memphis and a former DOJ antitrust official, ...
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