T-Mobile UScellular Acquisition Clears DOJ Hurdle, DallasNews Sold to Hearst, Lynas and Iluka Surge on Rare Earth Partnership, and More.

T-Mobile received DOJ clearance for its $4.4 billion UScellular acquisition, while DallasNews surged 200% after being acquired by Hearst. Lynas Rare Earths and Iluka Resources gained significantly following a partnership with the US Department of Defense. Performance Food Group shares rose 8.4% amid acquisition reports. MAG Silver shareholders approved a $2.1 billion buyout by Pan American Silver. ExxonMobil halted Mars crude purchases due to zinc contamination, and Google plans to offer significant discounts on its cloud services to the US government. Levi Strauss raised its FY25 revenue growth outlook to 4.5%-5.5%.

The Department of Justice (DOJ) has dropped its antitrust investigation into T-Mobile US' acquisition of UScellular, clearing the way for the $4.4 billion deal. The DOJ noted that while UScellular provided services targeted at "heartland families" and "farmtown frugals," its financial struggles and limited regional footprint made it uncompetitive. The deal is expected to enhance T-Mobile's network quality, benefiting subscribers [1].

Meanwhile, DallasNews Corporation's shares surged 200% after the company agreed to be acquired by global media giant Hearst. The deal, valued at $74.9 million, will see DallasNews Corporation become part of Hearst Newspapers. The merger will bring together two storied brands in journalism, with Hearst committing to support The Dallas Morning News' digital strategy and audience reach [2].

Lynas Rare Earths and Iluka Resources gained significantly following a partnership with the US Department of Defense. The partnership is expected to drive growth and innovation in the rare earths sector. Performance Food Group shares rose 8.4% amid acquisition reports, indicating investor optimism. MAG Silver shareholders approved a $2.1 billion buyout by Pan American Silver, signaling confidence in the company's future prospects.

ExxonMobil halted Mars crude purchases due to zinc contamination, impacting the company's operations. Google, on the other hand, plans to offer significant discounts on its cloud services to the US government, aiming to secure a major contract. Levi Strauss raised its FY25 revenue growth outlook to 4.5%-5.5%, reflecting confidence in the company's performance.

References:
[1] https://www.sdxcentral.com/news/doj-warns-but-still-approves-t-mobile-us-uscellular-purchase/
[2] https://www.dallasnews.com/news/2025/07/10/dallasnews-corporation-agrees-to-merge-with-hearst/