Wednesday, August 31, 2011

Government Sues ATT over T-Mobile Wireless Merger

What up, gov!

Looks like the Justice Department finally grew a pair and is suing ATT for its takeover of T-Mobile on antitrust grounds.

Wait a second, antitrust rules? We still have those? Who knew? I guess all you have to do to break them is by a multibillion dollar corporation buying out another multibillion corporation leaving pretty much just one or two remaining multibillion corporations to compete with you. And yet somehow Google and Apple are fine? Not to mention that whole Comcast buying Univeral/NBC business.

Anyway, I'm happy they're taking action, and I hope this is the start of a trend, not some random blip. After all, it still is the turn of the century, and last turn of the century we went monopoly-busting. I'm all about doing it again.

[Bloomberg via Gawker]

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