Quantcast

All Posts Tagged Tag: ‘Merger’

Signet Jewelers Acquires Zales in $900 Million Deal

Much hubbub has been made lately concerning the return of monopolies in the US capitalist structure. First, there was the news that Comcast was buying Time Warner in a $45.2 billion deal. Then, there were rumors that Apple was seeking to purchase or merge with Tesla. And now, in perhaps the most nefarious merger of all (at least for hopeless …

Read More

Tesla and Apple Rumors Continue to Swirl

On Sunday, the San Francisco Chronicle released an article which has shaken the core of the internet and tech world. According to an anonymous source, Adrian Perica, Apple’s merger and acquisitions chief, and Elon Musk, CEO of Tesla, held a secret meeting in Cupertino, CA last spring. Unfortunately, both Apple and Tesla have declined to comment on such a meeting. …

Read More

$21.6 Billion Sprint-SoftBank Merger is Now Complete

Sprint Nextel shareholders recently voted overwhelmingly to approve a proposed merger between Sprint and SoftBank. Earlier this week, the deal cleared one final hurdle with the unanimous decision by the U.S. Federal Communications Commission (FCC) to approve the merger. Today, Sprint and SoftBank have announced that the merger is officially complete. SoftBank has paid $21.6 billion for Sprint, acquiring 72% …

Read More

Sprint-SoftBank Merger Approved by U.S. FCC

In late June, Sprint Nextel shareholders voted to approve the proposed merger of Sprint and SoftBank during a special shareholders meeting. The only hurdle left for the companies was the U.S. Federal Communications Commission (FCC), which needed to approve the transaction. On Friday, while many Americans were still enjoying an extended Fourth of July holiday, the FCC came through with …

Read More

Sprint Shareholders Vote to Approve SoftBank Merger

Sprint Nextel shareholders today voted overwhelmingly to approve the proposed merger of Sprint and SoftBank during a special shareholders meeting. Almost 98% of the votes cast in the meeting, which represent around 80% of Sprint’s common stock, were in favor of the merger. ‚ÄúToday is a historic day for our company, and I want to thank our shareholders for approving …

Read More

Sprint Ups Clearwire Acquisition to $5 Per Share

In December 2012, Sprint Nextel announced that it would acquire the 50% of Clearwire that it did not already own for $2.2 billion. Sprint would pay $2.97 per share of Cleawire, valuing the company at around $10 billion. The acquisition would provide Sprint with a boost in spectrum and help the company keep pace with T-Mobile’s recent acquisition of MetroPCS. …

Read More

T-Mobile, MetroPCS Merger Complete

Deutsche Telekom, the parent company of T-Mobile USA, today announced that the merger of T-Mobile and MetroPCS Communications is complete. The two companies will now be known under the name T-Mobile US, and stock in the company has begun trading on the New York Stock Exchange under the ticker symbol TMUS. The new T-Mobile US board of directors will have …

Read More

Sprint, Dish Continue Merger Talks With Waiver From SoftBank

Sprint Nextel has been in negotiations with SoftBank for a $20 billion merger since last October. However, Dish Network swooped in earlier this month with a $25 billion offer for Sprint, making things much more complicated. Sprint is currently in the process of evaluating each offer, while Dish is adamant that its offer is superior to SoftBank’s. Today, Sprint announced …

Read More

R.R. Donnelley Buys EDGAR Online

Printing company R.R. Donnelley & Sons Co. has announced that it will acquire financial data firm EDGAR Online for roughly $38.6 million, which would expand its digital product offering. Along with debt and a payment equal to the redemption price of its preferred shares, the deal is worth $70.5 million altogether, with shares at $1.092 a piece. R.R. Donnelley’s services …

Read More

What Happens to AT&T and T-Mobile Now? Congressman Boucher Weighs In

Last month, AT&T withdrew its bid to purchase T-Mobile USA from Duetsche Telekom after a lot of criticism, especially from the Department of Justice and the FCC. The merger did receive a lot of support, but criticism proved to be louder.

Read More