WASHINGTON (Reuters) – Texas’ attorney general settled with T-Mobile Inc (TMUS.O) and Sprint Corp (S.N) and will drop his opposition to the $26.5 billion merger, leaving just Democratic attorneys general fighting the proposed combination.
Texas Attorney General Ken Paxton had been the only Republican among the state attorneys general who had argued that the deal to combine the No. 3 and No. 4 wireless carriers would lead to higher prices and filed a lawsuit to stop it.
Also on Monday, Nevada said it would withdraw from the lawsuit in exchange for early deployment of the next generation of wireless in the state, creation of 450 jobs for six years and a $30 million donation to be distributed by Nevada Attorney General Aaron Ford and aimed at helping women and minorities, Ford’s office said.
It’s for women and minorities, so it’s okay for this politician to accept $30 million to hand out to his allies.
AG Ford’s $30 million slush fund reminds me of when Harvard president Larry Summers was trying not to get canceled in 2005, so he gave $50 million of Harvard’s money to Harvard’s Head-Feminist-in-Charge, Doctor Faust, leader of the Radcliffe Institute. But a year later, Larry got dumped anyway. And then — whaddaya know? — it turns out that Doctor Faust has $50 million worth of new friends and supporters and gets appointed President of Harvard in Larry’s place.