AT&T just gained 5 million new customers. No, it wasn’t the company’s offer to provide credit to switching customers. This influx comes after the Federal Communications Commission approved the Death Star’s acquisition of Leap Wireless.
mergers and acquisition
It’s not just consumers and advocacy groups that are worried about the pending sale of Time Warner Cable to Comcast for $45 billion. On Friday, a TWC shareholder has filed a lawsuit to block the merger, claiming that executives prioritized their own bank accounts over investors’ interests for a deal that will have a difficult time passing regulatory muster. [More]
Since AT&T announced its plans to purchase T-Mobile USA for around $39 billion, the folks at Sprint have been quite public about their opposition to the deal, taking out mocking ads and testifying before lawmakers in Washington. Yesterday, Sprint made its stance official, filing a “Petition to Deny” the deal with the Federal Communications Commission.
In a Congressional hearing this morning over AT&T’s proposed acquisition of T-Mobile, AT&T CEO Randall Stephenson reiterated his earlier comments that the deal is “all about consumers.” However, advocates such as Parul P. Desai of Consumers Union argued that the merger “would result in a highly concentrated market, which will likely lead to higher prices and fewer choices for consumers.”
Seems like it was just seven months ago that we first wrote about the proposed sale of AirTran to Southwest Airlines for $1.4 billion. Now that deal is all but done after it passed the Justice Department’s antitrust review yesterday.
Dish Network Wins Blockbuster For $320 Million At Auction, Swears It Was Just Raising Its Hand To Wave To A Friend
Blockbuster Video — or rather the assets of Blockbuster — now have a new owner after Dish Network won what’s left of the beleaguered video rental company for around $320 million at auction.
With the pending $39 billion sale of T-Mobile to AT&T heading toward review by the various regulatory bodies involved, there is at least one senior FCC commissioner who thinks it might not be so easy for the deal to go down. Of course, he was the one commissioner who voted against the NBC/Comcast deal.
Fans of Chicago-based brewery Goose Island have reason for concern after today’s announcement that Anheuser-Busch InBev is set to purchase the company in a deal worth $38.8 million.
Overshadowed by last year’s relatively rapid merger of United and Continental was the sale of AirTran to Southwest. That sale is now one big step away from completion after AirTran shareholders approved the deal earlier this week.