BGR:
AT&T said Thursday that it has withdrawn its application from the Federal Communications Commission to acquire T-Mobile USA. AT&T and Deutsche Telekom said they will instead focus on fighting an antitrust lawsuit brought against the proposed $39 billion merger by the Department of Justice. AT&T made the announcement Thursday following the FCC’s decision earlier this week to hold an administrative hearing regarding the purchase. The FCC said it was unsure the acquisition would create jobs, as AT&T has promised.
In an AT&T business meeting.
Manager 1: “Don’t you think the FCC will block this merger?”
Manager 2: “Meh. Why should they, we’re AT&T.”
Manager 1: “They could call this an attempt to create a monopoly. You know, hear the Bell ring.”
Manager 2: “BS. There’s still Derp-rizon and we’ll say it’s going to create jobs.”
Manager 1: “Don’t you think they’ll see through this?”
Manager 2: “They might, but then we’ll simply back out and watch T-Mo’s stock price drop. In any case, it can’t hurt to try, can it?”