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August 31, 2011

DoJ Gets to Pick Corporate Winners and Losers Too

Kind of a recurring theme in the Obama administration, we'll tell you what's good for your economy. And if we decide your acquisition of T-Mobile is "bad for America", we don't have a problem at all forcing your commitment to pay your competitor $3 billion to its parent Deutsche Telekom because we pulled you out against your will.

Not to mention airspace and a roaming agreement worth considerably more.

The termination requirements are designed to protect Deutsche Telekom and T-Mobile in a particularly precarious deal, said Robert Bell, co-chairman of law firm Kaye Scholer's antitrust practice group. Waiting for the controversial proposal to go through could leave T-Mobile vulnerable as key employees consider leaving and competitors circle, Bell said.

"Agreeing to this fee was part of the price AT&T had to pay to convince T-Mobile to go forward, to take a calculated risk in this transaction" he said. "Typically, the longer it takes to get to closing, the more problematic it can be for the seller. You're really putting your company in limbo."

Someone remind me again why businesses are unwilling to invest capital to expand right now? Why they want to punish Obama by sitting on their capital and adopting a wait and see attitude?

What could it be, what could it be?



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posted by Dave In Texas at 09:38 PM

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