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All Posts Tagged Tag: ‘mergers’

AT&T / DirecTV Deal Gets Thumbs Up from FCC, with Conditions

AT&T / DirecTV Deal Gets Thumbs Up from FCC, with Conditions

After “careful, thorough review,” the Federal Communications Commission has given AT&T and green light to acquire DirecTV. The combined entity will boast about 26 million customers. Say hello to the new largest pay TV company in the US. The approval didn’t come without conditions, however. Here are all of the conditions the FCC placed on AT&T. They involve the expansions …

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AT&T, DirecTV Merger Reportedly Nearing Approval

AT&T, DirecTV Merger Reportedly Nearing Approval

It appears to be smooth sailing for AT&T in its acquisition of DirecTV, as the merger has reportedly cleared one major hurdle and is about to clear the last. Reuters reports that the Department of Justice has already wrapped up its review of the deal. Bloomberg says that the DoJ imposed no conditions on the mega-merger. AT&T first agreed to …

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Now Charter Communications Is Going To Buy Time Warner Cable

Now that Comcast’s acquisition of Time Warner Cable has fallen apart, Charter Communications has swooped in to attempt an acquisition of TWC. In February, Comcast announced its intent to acquire the other cable giant, but that deal officially died in April as Comcast abandoned its efforts following reports that the Department of Justice and Federal Communications Commission were to recommend …

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The AT&T/DirecTV Merger Will Likely Be Approved: Report

It doesn’t appear that federal regulators are going to stand in the way of AT&T’s bid to acquire DirecTV. According to sources quoted in the Wall Street Journal both the Justice Department and the Federal Communications Commission are almost done with their respective reviews, and they are both unlikely to block the deal. AT&T agreed to acquire DirecTV for nearly …

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Netflix Doesn’t Like the AT&T/DirecTV Merger

If AT&T’s proposed merger of DirecTV is approved, it would create the largest pay-TV provider in the country. And according to Netflix, the merger in its current form is bad for everyone. The streaming company has written a letter to the Federal Communications Commission, urging it to reject the merger “as currently proposed.” “The proposed merger would make AT&T the …

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Comcast’s Final Tally on Failed Time Warner Cable Deal: $336 Million

Comcast spent $336 million to not acquire Time Warner Cable. In the company’s Q1 earnings report, it reported $99 in “transaction” costs. If you add that to all the other transaction costs Comcast reported in 2014 it looks something like this: Comcast has reported $336 million in costs tied to TWC/Charter deals: Q1 15: $99M Q4 14: $99M Q3 14: $77M Q2 14: …

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Time Warner Cable Already Has Another Suitor

The dead Comcast/Time Warner Cable deal is still warm, but Time Warner Cable already has a potential buyer who isn’t wasting any time in going after the major telecommunications player. And it’s a familiar face. According to the Wall Street Journal, Charter Communications is ready to move on TWC. From the WSJ, quoting sources: Charter, which is backed by John …

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Netflix Was a Big Part of Why Regulators Hated Comcast/TWC Merger

By now you’ve probably heard that Comcast has abandoned its push to acquire Time Warner Cable, due to looming concerns that both the Department of Justice’s antitrust division and the Federal Communications Commission were poised to recommend it blocked. “Today, we move on. Of course, we would have liked to bring our great products to new cities, but we structured …

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Comcast / Time Warner Cable Merger Is Dead, Officially

It’s official. Comcast has announced it has abandoned its efforts to acquire Time Warner Cable, in a deal that would’ve been valued at around $45 billion. This follows reports on Thursday that said the Department of Justice and Federal Communications Commission were both gearing up to recommend against the deal. If the merger had been approved, the Comcast-TWC behemoth would’ve …

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Comcast Is Giving Up on Its TWC Deal: Report

Comcast is planning to kill its proposed acquisition of Time Warner Cable before the feds can kill it first. Bloomberg is quoting sources who say that Comcast is ready to back away from the merger, which would be valued at around $45 billion. This comes on the heels of reports that the FCC had proposed a “hearing designation order” for …

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Elizabeth Warren, Al Franken Among Six Senators Urging a Swift Death for the Comcast/Time Warner Merger

In a letter addressed to Federal Communications Commission Chairman Tom Wheeler and Attorney General Eric Holder, six Senators are urging the blockage of Comcast’s proposed merger with Time Warner Cable. The letter comes just one day before representatives from Comcast and Time Warner Cable are set to meet with DoJ antitrust officials in the hopes of saving a deal that …

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Comcast, TWC Will Meet with Regulators to Try to Save Deal

With their proposed merger on shaky ground, representatives from Comcast and Time Warner Cable are planning to meet with Justice Department officials in the hopes of negotiating a pathway for the deal to proceed. This will be the first such meeting between the cable companies and regulators since the merger was announced. The Wall Street Journal Reports that Comcast will …

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