Apr 11, 2018

Sprint and T-Mobile restart merger talks

Photo by Justin Sullivan/Getty Images

Wireless carriers Sprint and T-Mobile are in merger negotiations. Again.

Why it's a big deal: Because the third time might be the charm, as it's hard to imagine the two sides would even be talking if there wasn't some sort of possible breakthrough on the issue of combined company control.

Calendar context: The last round of negotiations ended just weeks before U.S. regulators sued to block AT&T's proposed purchase of Time Warner.

Bottom line: The combined company would leapfrog AT&T in size and come in just behind Verizon as the second-largest U.S. wireless carrier. Regulatory approval is the obvious wildcard, but the wireless market is seen as more nationally competitive than cable. Even though Sprint/T-Mobile would remove a wireless competitor, the current FCC shows no signs of wanting to stand in the way.

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Situational awareness

Photo: Scott Olson/Getty Images

Catch up on today's biggest news:

  1. Warren supporters form super PAC
  2. We may be on "the brink" of coronavirus pandemic
  3. Pentagon policy chief resigns
  4. National polls show Bernie in control ahead of Nevada
  5. How a Chinese think tank rates all 50 U.S. governors
  6. Sanders and Bloomberg battle over heart health

Trump has declared war on sanctuary cities

Illustration: Sarah Grillo/Axios

Armed with subpoenas, lawsuits and immigration SWAT teams, the Trump administration has declared war on sanctuary cities.

The big picture: President Trump and his administration have used every available tool to try to crack down on local governments that refuse to hold immigrants in criminal custody, block immigration agents from working in county jails or deny federal authorities access to immigrants' records.

Peter Thiel's Founders Fund isn't really Peter Thiel's Founders Fund

Illustration: Photo Illustration: Eniola Odetunde/Axios. Photos: Charles Eshelman, Steve Jennings, and Chip Somodevilla/Getty Images

Founders Fund has raised $3 billion for a pair of new funds, so expect a slew of headlines about how "Peter Thiel's venture capital firm" is now flush with cash.

Behind the scenes: Thiel is essential to Founders Fund, but he's not autocratic. Instead, Axios has learned that he's one of three people with veto power over most FF investments, and is unable to do a deal without approval of the other two.