DOJ Signals Skepticism Over Sprint Acquisition Of T-Mobile

Department of Justice officials sounded a warning that Sprint Corporation (NYSE:S)’s acquisition of T-Mobile US Inc (NYSE:TMUS) could meet with ‘intense scrutiny’ and regulatory difficulties. According to Ryan Knutson and Brent Kendall of The Wall Street Journal it doesn’t appear the meeting has deterred Sprint Corporation (NYSE:S)’s board member Masayoshi Son, who has been the driving force behind the merger effort. Sprint’s effort to acquire T-Mobile Softbank Corp (OTCMKTS:SFTBF) (TYO:9984) has been looking to have its recently acquired U.S. unit Sprint Corporation (NYSE:S) take a majority stake in T-Mobile. According to media reports, the deal would be valued at about $20 billion…