AT&T Inc. (NYSE:T) is ending their bid for T-Mobile USA. AT&T had announced in March 2011 that they have offered $39 billion to acquire T-Mobile USA from Deutsche Telekom. However AT&T had a hard time getting through all of the legal hoops associated with the acquisition. This is what AT&T had to say about the government regulation:

After withdrawing their acquisition approval application from the FCC and having to deal with the U.S. Justice Department, AT&T Inc. (NYSE:T) is weighing what to do with T-Mobile. One idea is that AT&T and T-Mobile parent company Deutsche Telekom would team up for a joint venture by putting their infrastructure together.

AT&T Inc. (NYSE:T) has talked to several smaller rivals including MetroPCS Communications, Inc. (NYSE:PCS) and Leap Wireless International, Inc. (NASDAQ:LEAP) to sell spectrum and subscribers. This is in order to save AT&T’s acquisition of T-Mobile USA for $39 billion.

Although Deutsche Telekom (DT) does not know the release date or price of the new upcoming iPhone, they have started taking pre-orders as of today any way.

The U.S. Justice Department has filed a lawsuit to block AT&T Inc. (NYSE:T) to merge with T-Mobile. AT&T proposed a $39 billion acquisition of T-Mobile USA. The Justice Department believes that the acquisition of T-Mobile would “substantially lessen competition.” The complaint was filed in a federal court in Washington. “AT&T’s elimination of T-Mobile as an independent, low- priced rival would remove a significant competitive force from the market,” stated the U.S. in a filing.

AT&T Inc. (NYSE:T) has made a huge financial break-up fee to Deutsche Telekom (DT) if government regulators prevent the $39 billion acquisition of T-Mobile USA. AT&T will pay $3 billion in cash, $2 billion in spectrum, and a $1 billion roaming agreement according to sources with Reuters. If AT&T is allowed to acquire T-Mobile, the combined company would be the leader in the U.S. mobile market above Verizon Wireless. [Reuters]

AT&T Inc. (NYSE:T) has announced plans to acquire T-Mobile USA for $39 billion in cash and stock from Deutsche Telekom. AT&T’s acquisition of T-Mobile would make them the largest carrier by a substantial amount.

Cooliris is a multimedia browser plugin that lets you view photo and video content on the web in an appealing way. The company has raised $9.6 million in Series C financing from investors such as Kleiner Perkins Caufield & Byers, Deutsche Telekom subsidiary T-Venture, DAG Ventures, and The Westley Group. Cooliris has raised a total of $27.6 million in funding. Cooliris plans on using the new round of funding for strategic partnerships and product innovation. [TechCrunch]