DOJ Leans Against Approving T-Mobile’s Takeover of Sprint

Apparently, the Justice Department is leaning against approving T-Mobile's proposed takeover of Sprint, even after the companies won the backing of Federal Communications Commission Chairman Ajit Pai. The remedies proposed by the wireless carriers on May 20 don’t go far enough to resolve the department’s concerns that the deal risks harming competition, apparently. While the FCC considers whether a merger is in the public interest, the Justice Department considers a different standard: whether a deal hurts competition and would raise prices for consumers.