Someone who has seen the AT&T T-Mobile merger contract has been leaking a lot of information to the press this week. Earlier in the week someone told Reuters AT&T likely won't have to pay the $7 billion penalty to T-Mobile owner Deutsche Telekom, if the deal doesn't close within a certain window and/or T-Mobile's value falls below a certain market. Another source (or the same source) tells Bloomberg that AT&T may also get away with paying considerably less than $39 billion if they have to shed more than 20% of that deal value to appease regulators:AT&T is cooking up a number of concessions that could include divesting 25% of T-Mobile post deal. While that sounds like a big deal, it doesn't mean much to AT&T -- since a lot of T-Mobile assets would be redundant. It also doesn't mean much to AT&T since the company appears to be acquiring T-Mobile in large part to reduce competitors in the sector by eliminating T-Mobile and weakening Sprint. As we noted yesterday it's still very possible the deal gets approved, but if not -- the worst that happens is that AT&T spent millions on lobbying and lawyers just to leave T-Mobile in a weaker position than when they found them.