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DOJ asks FCC to defer Sprint, Softbank merger

Published Jan 29th, 2013 5:39PM EST
Sprint Softbank Merger DOJ

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The United States Department of Justice has asked the Federal Communications Commission to defer the planned merger between Sprint (S) and Japanese carrier Softbank (SFTBY), according to Bloomberg. A deferment will give the department more time to review the proposal for “any national security, law enforcement, and public safety issues” that have not yet been evaluated. Sprint agreed to merge with Softbank last October in a deal worth more than $20 billion. Both companies had hoped to have the merger approved by mid-2013.

Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.