All Posts Tagged Tag: ‘mergers’

Alibaba Buys ‘China’s YouTube’ for $3.7 Billion

Alibaba Buys ‘China’s YouTube’ for $3.7 Billion

Alibaba has announced that it has acquired Youku Tudou for around $3.7 billion. Youku Tudou is commonly referred to as “China’s YouTube”. E-commerce giant Alibaba had previously offered a little less to purchase the company last October. Alibaba already owned about a fifth of Youku Tudou. “We believe this combination with Alibaba maximizes value for Youku Tudou shareholders and significantly …

Read More

Candy Crush Maker King Now a Part of Activision Blizzard

Candy Crush Maker King Now a Part of Activision Blizzard

Activision Blizzard, whose titles include the Call of Duty Series, Destiny, and World of Warcraft, has agreed to acquire King Digital Entertainment for $5.9 billion. King Digital is best known as the makers of the Candy Crush games. Activision says that this merger creates “one of the largest entertainment networks with over half a billion monthly active users in 196 …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

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: …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

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 …

Read More

Regulators Ready to Kill Comcast / TWC Merger: Report

One of the regulatory agencies looking over the proposed Comcast / Time Warner Cable merger may be about to give it the thumbs down, citing concerns over potential harm to customers. Bloomberg cites the ubiquitous “people familiar with the matter” in saying that antitrust lawyers at the Department of Justice are poised to recommend against the merger. From Bloomberg: Attorneys …

Read More

Staples Buys Office Depot for $6.3 Billion

Two office supply giants are becoming one, as Staples has just announced its acquisition of Office Depot. The deal is worth $6.3 billion. “This is a transformational acquisition which enables Staples to provide more value to customers, and more effectively compete in a rapidly evolving competitive environment,” said Ron Sargent, Staples’ chairman and chief executive officer. “We expect to recognize …

Read More

Comcast/Time Warner Cable Merger Gets Thumbs Up from Shareholders

The shareholders of two of the most-hated companies in America have approved their merger. According to Bloomberg, “more than 99 percent of shares were voted in favor of the deal” to sell Time Warner Cable to Comcast. On Thursday Comcast’s shareholders, by the same nearly 100 percent margin, approved the deal. That means all that’s left in the way of …

Read More

Netflix to FCC: Say No to Comcast / Time Warner Cable Merger

Netflix, clearly unhappy with the proposed Comcast/Time Warner Cable merger from the outset, has finally made their concerns official with a petition to the Federal Communications Commission. In a just-filed Petition to Deny, Netflix argues that the entity formed by the merger would “have the incentive and ability – through access fees charged at interconnection points and by other means …

Read More

Comcast & Time Warner Cable Pass Time Awaiting Merger Approval by Helping Give Award to FCC Commissioner

Do you pay a lot for cable and internet? Neat, me too. Check this out. You’ve probably never heard of it, but The Walter Kaitz Foundation is a decades-old non-profit organization with the stated mission of promoting diversity in the cable telecommunications industry. Every September, the Walter Kaitz Foundation holds a dinner in New York City called the Kaitz Dinner. …

Read More

Comcast, Time Warner Still the Most Hated as Regulators Weigh Merger

The American Customer Satisfaction Index, a gigantic (80,000 or so) annual survey that asks Americans about their satisfaction with certain companies and areas of the national economy, has once again shown that people really, really hate Comcast and Time Warner Cable. You know, those two companies that are trying to merge right now. This year, Comcast’s TV service fell five …

Read More

AT&T Officially Buying DirecTV For Nearly $50 Billion

After weeks of rumor and speculation, AT&T has officially announced that it will acquire DirecTV in a stock-and-cash transaction for $95 per share based on AT&T’s Friday closing price, putting it at $48.5 billion. The deal will still face regulator approval, but it has been approved unanimously by the Boards of Directors of both companies. It will be reviewed by …

Read More

AT&T/DirecTV Deal Reportedly Just Weeks Away

Earlier this month, reports indicated that AT&T was considering acquiring DirecTV in a deal that would be worth at least $40 billion. The merger would create a entity that would serve roughly 26 million subscribers. At the time, there was no indication on how far along the talks were, but sources said that DirectTV was open to deal. Now, The …

Read More

Comcast/Time Warner Merger Now Being Reviewed by Multiple States As Well

When the largest company in any arena announces plans to purchase the second-largest company in the same arena, you can hear whatever crumb of competition that currently exists slowly falling from the market. It sounds like the faint cries of men, women, and children, pleading for Google Fiber to save them. It’s really a sad sound. Total bummer. This clearly …

Read More

Consumers Union Speaks Out Against Comcast/Time Warner Merger

There are plenty of reasons to be opposed to the proposed merger of Time Warner and Comcast. The deal would see the two largest cable companies in the U.S. combined into one giant cable company covering much of the country. From a consumer standpoint, cable companies are already non-competitive, with most of the U.S. split up into regional monopolies where …

Read More

Comcast To Purchase Time Warner Cable For $45 Billion

Comcast is the nation’s largest cable and Internet provider whereas Time Warner Cable is the nation’s second largest. The two are also some of the most universally reviled among American consumers. Now both companies are joining forces. Comcast and Time Warner Cable announced today that the two companies would be merging thanks to a deal that will see Comcast buy …

Read More

U.S. Could Block Rumored Sprint & T-Mobile Merger

With T-Mobile now adding hundreds of thousands of customers per quarter and Sprint struggling to keep its subscriber numbers up, the rumored merger between the third- and fourth-largest mobile providers in the U.S. still appears to be in the works. According to a new report in the Wall Street Journal, Sprint board members met this month with U.S. Department of …

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. “Today is a historic day for our company, and I want to thank our shareholders for approving …

Read More

T-Mobile MetroPCS Merger Has Been Completed

Last week, shareholders approved the MetroPCS T-Mobile merger, and today, T-Mobile announced that the deal (the combination of T-Mobile USA and MetroPCS Communications) has been completed. The combined company will be known as simply T-Mobile USA, and will begin trading on the New York Stock Exchange today under the ticker “TMUS.” John Legere will serve as President and CEO, with …

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

Page 1 of 212»