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VZ - Verizon wins FTC antitrust OK for $6.25B Tracfone acquisition
Verizon Communications Inc.
The Federal Trade Commission has given antitrust clearance to Verizon's (VZ -0.1%) $6.25B acquisition of Tracfone Wireless from América Móvil (AMX -0.5%). That will bring the country's leading prepaid and value mobile provider into the umbrella of the country's top wireless carrier. Verizon reached a deal with América Móvil in mid-September, offering $3.125B in cash and $3.125B in stock. It's expecting to close the deal in 2021.