this post was submitted on 18 Nov 2024
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Note: Original report by Bloomberg, article by Reuters proxied by Neuters to bypass paywall.

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[–] the_crotch@sh.itjust.works 18 points 1 day ago (2 children)

The US did this to AT&T. It was broken up into dozens of "baby bells". Then it gradually bought them all back up and now it's as big as it ever was

[–] Inucune@lemmy.world 9 points 1 day ago

Bell telephone. AT&T was one of the resulting companies.

[–] DacoTaco@lemmy.world 9 points 1 day ago (1 children)

Thats stupid of the US to not block the merges again then.. :p

[–] the_crotch@sh.itjust.works 7 points 1 day ago (1 children)

Well this process also spawned Verizon, so they do have legitimate competition now and that's what matters to antitrust actions

[–] DacoTaco@lemmy.world 2 points 1 day ago* (last edited 1 day ago)

Very true, but in due time verizon could also be bought. Hence fcc should technically block it, like the nvidia and arm merge.
Or microsoft and activision ( which was heavily contested ).
Both were heavily contested worldwide