[goatking]

Aren't they just killing competition? Maybe it's worth the 1bill in the long term (for them, not for the customers)

[throwup238]

If that were the case, they wouldn't have to declare the goodwill impairment. Goodwill is meant to account for the kind of intangible benefit they'd get from killing off competition.

[araes]

The issue is, it doesn't matter what it's "meant" to do. It matters how it's technically implemented, and what they can legally claim without the claim running afoul of the IRS (or other tax agencies).