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> you're not permitted to put the piles back together

One, literally what happened. And two, you’re describing every company when it seeks merger approval.

> under very significant new constraints imposed by the government

Agreed to between AT&T and the government to settle the government’s case against it.

> If the US government nationalizes Boeing for 2x its market cap, it's still a nationalization

Correct. But that requires the government taking ownership or control of the company. What you’re describing is just regulation.

There are fringe types who regard any government regulation as nationalisation. But this isn’t common usage. (In technical terms, legally, financially and economically, it’s strictly wrong.)




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