T-Mobile Merger Will Test The Department Of Justice’s Mettle

IN DECEMBER OF 2016, Donald Trump paraded Masayoshi Son, CEO of Japan’s SoftBank, through the lobby of Trump Tower. The proud president-elect called Son “one of the great men of industry.” Indeed, the two have a lot in common. They’re both big talkers with deep respect for enormous numbers of zeros—Son is the world’s 39th richest man—whose favorite currency is favors. Son promised over a year ago to bring jobs to the US, and, in response, Trump promised to make it easier for Son to do business in America.

Last week, relentless, idiosyncratic, one-man-show dealmaker Son (sound familiar?) began the process of calling in Trump’s promise of deregulation: Sprint, which is owned by SoftBank, will be acquired by T-Mobile, even though the federal government has twice in the past seven years said such a combination would be illegal.


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