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The Justice Department sues to scuttle the proposed $39 billion deal, saying AT&T's acquisition of T-Mobile merger would reduce competition for cell phone service.
The market decline is making some mergers more attractive. But both AT&T and T-Mobile already have such big incentives to strike a deal that fluctuating markets should have little effect on them.
The giant phone company delivers more data to the Federal Communications Commission to support its argument that a merger with T-Mobile will improve service and even cut costs for consumers.
News Corp.'s takeover of British Sky Broadcasting is looking less and less likely as the News of the World's cell phone hacking scandal deepens. And now U.S. lawmakers want to look into Murdoch properties in America.