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DealBook: AT&T to Buy T-Mobile USA for $39 Billion

DealBook: AT&T to Buy T-Mobile USA for $39 Billion

AT&T announced on Sunday that it agreed to buy T-Mobile USA from Deutsche Telekom, in a $39 billion deal that will reshape the cellular telephone industry. The merger — one of the largest since the onset of the financial crisis — would combine the second and fourth largest cellular carriers in the nation, bringing together AT&T’s 95.5 million wireless subscribers with T-Mobile’s 33.7 million customers.

Senh: Dammit. When my contract's over T-Mobile, I might have to jump ship because AT&T will raise prices.

 

H-P to Buy Palm for Nearly $1 Billion

H-P to Buy Palm for Nearly $1 Billion

Hewlett-Packard has agreed to buy struggling smart-phone maker Palm for nearly $1 billion in cash. HP said Palm's webOS operating system will help it compete in the smart-phone market.

 

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