The Wall Street Journal‘s Anupreeta Das, Anton Troianovski and Gina Chon this afternoon report that AT&T (T) and Deutsche Telekom’s (DTEGY) T-Mobile USA have had preliminary discussions about forming a joint venture in the event that AT&T’s $39 billion bid for T-Mobile fails to win in court, citing multiple anonymous sources.
The Department of Justice is suing to block the deal, and AT&T last week withdrew its application for the acquisition from the Federal Communications Commission, apparently to focus on trying to fighting the legal challenge.
AT&T shares today closed up 92 cents, or 3.3%, at $28.98.
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