U.S. Markets closed

DOJ leans against approving T-Mobile's takeover of Sprint: Bloomberg

(Reuters) - The U.S. Department of Justice is leaning against approving T-Mobile US Inc's proposed takeover of Sprint Corp as the remedies proposed by the companies do not resolve antitrust concerns, Bloomberg reported on Monday, citing a person familiar with the review.

T-Mobile's $26 billion acquisition of rival Sprint won the support of the head of the Federal Communications Commission, Reuters reported on Monday.


(Reporting by Sanjana Shivdas in Bengaluru; Editing by Anil D'Silva)