mergers and acquisitions

AT&T: It’s Fine For Us To Buy Time Warner Because We’re Too Small To Hurt Competition

AT&T: It’s Fine For Us To Buy Time Warner Because We’re Too Small To Hurt Competition

AT&T’s plan to buy Time Warner — the parent company of several cable networks, not the cable company that Charter snapped up last year — was greeted with a surprising amount of skepticism right from the start. Even though AT&T is sidestepping a lot of regulatory scrutiny by not seeking FCC approval of the merger, lawmakers have continued to ask why this merger would benefit anyone other than the shareholders of these companies. AT&T’s response: Competition or prices won’t be affected because we’re such a small-time player in the pay-TV business, and Time Warner’s viewership numbers are low. [More]

Ray J./Morton Fox

Verizon Revises Deal To Buy Yahoo At $350M Discount

If you found out after you got engaged that your soon-to-be better half had done something that made you question the impending union, what would you do — Cancel the wedding? Move the reception from the country club to your cousin’s backyard? If you’re Verizon and your betrothed is the data-breached Yahoo, you ask for a $350 million discount. [More]

Mike Mozart

Kraft Heinz Trying To Buy Unilever, Bring Your Ketchup And Mayo Under One Roof

Once upon a time, there was Kraft, home to blue-boxed mac-and-cheese and several other grocery store favorites. Then there was Kraft Heinz, bringing your ketchup and other condiments together with your cookies and cheese. And now, if Kraft Heinz gets its way, they might be joined by European mega-conglomerate Unilever, tying half your grocery store together under one big corporate umbrella. [More]

Yahoo

Report: Verizon Still Plans To Buy Yahoo, Seeking $250M Discount

Verizon isn’t calling off its plan to buy Yahoo but, in a move that shocks no one, is cutting some cash off its offer price after massive data breaches and resulting attention from lawmakers. [More]

SarahMcGowen

Anthem Responds To Cigna’s Lawsuit With A Suit Of Its Own

There are bad breakups, and then there are breakups that involve both sides suing each other at the same time: A day after Cigna announced it would officially give up on its proposed merger with Anthem and filed a lawsuit claiming billions of dollars in damages, Anthem has turned around and filed its own lawsuit in response. [More]

Anthem

Cigna Officially Gives Up On Merger With Anthem, Sues Anthem For $13 Billion Instead

After more than a year of review and another six months in court, only to lose, it looks like health insurer Anthem’s plan to buy rival Cigna is truly dead in the water. Cigna announced today that it’s terminating the agreement to merge, but this breakup is far from mutual. Instead of simply going off their separate ways, Cigna is now suing Anthem, seeking billions in damages. [More]

Aetna And Humana Give Up On Merger Dreams, Agree To Part Ways

Aetna And Humana Give Up On Merger Dreams, Agree To Part Ways

Alas, it seems that for two companies this Valentine’s Day brings them a breakup they never wanted: After more than a year of trying, Aetna and Humana have officially called it quits, and given up on their plans to merge into corporate unity. [More]

AT&T CEO: Merger With Time Warner Still On Track To Close By End Of Year

AT&T CEO: Merger With Time Warner Still On Track To Close By End Of Year

Mergers are never a sure thing, but the recent political atmosphere has been, let’s say, even less predictable than usual. Even so, AT&T CEO Randall Stephenson remains optimistic that his Death Star will be able to acquire Time Warner and all its juicy media properties before the end of the year… and that the FCC won’t be involved in approving the deal. [More]

Adam Fagen

Charter Accused Of Charging Fees To Activate Service That Is Already Active

It’s been the better part of a year since Charter leapfrogged to the top of the giant cable company pile by gobbling up Time Warner Cable and Bright House Networks. The transition, though, has been far from effortless for Charter, which now finds itself facing a potential class-action lawsuit brought by a former Bright House subscriber. [More]

alecm9311

L’Oreal Looking To Sell Off The Body Shop

Another day, another company looking to pull out of a retail entanglement: This time it’s L’Oreal, which has confirmed reports that it’s looking into selling off The Body Shop chain of stores. In other news, today we learned that L’Oreal owns The Body Shop. [More]

Anthem

Federal Judge Blocks $54 Billion Anthem/Cigna Merger

Only a few weeks after a federal court blocked the insurance mega-merger of Aetna and Humana, it’s happened again: Last night, a U.S. District Court judge rejected the $54 billion marriage of health insurance giants Anthem and Cigna. [More]

Nicholas Eckhart

Walgreens Slashes $2B From Value Of Rite Aid Merger; Up To 1,200 Stores To Be Sold Off

Last Friday, Jan. 27, was the deadline for the deal to close in the proposed acquisition of drugstore chain Rite Aid by competitor Walgreens. Today, the companies announced a revised deal with an eye to meeting Federal Trade Commission approval. This deal values Rite Aid at over $2 billion less, and proposes the sale of hundreds more stores to another drugstore chain. [More]

Verizon And Charter Romance Heats Up; Could Merger Marriage Be On Horizon?

Verizon And Charter Romance Heats Up; Could Merger Marriage Be On Horizon?

Earlier this month, it was reported that Verizon has a thing for big cable companies that begin with the letter “C,” and that it really wants to make out under the bleachers with either Comcast or Charter. Now comes news that Big V has actually begun the courting process with the latter. [More]

Senators Call On AT&T And Time Warner To Explain How Merger Will Benefit Americans

Senators Call On AT&T And Time Warner To Explain How Merger Will Benefit Americans

During the campaign, then-candidate Donald Trump talked openly about putting a halt to the pending merger of AT&T and Time Warner, he has since appointed an FCC Chairman who has historically been pro-merger. That’s why a handful of Senators have called on the two companies to explain how this consolidation will be in the public interest. [More]

Federal Judge Blocks $37 Billion Merger Of Aetna & Humana

Federal Judge Blocks $37 Billion Merger Of Aetna & Humana

Six months after the U.S. Department of Justice and attorneys general from eight states and the District of Columbia sued to stop the merger of insurance giants Aetna and Humana, the federal judge in the case has blocked the deal from moving forward. [More]

Verizon Reportedly Interested In Buying Comcast Or Other Big Cable Company

Verizon Reportedly Interested In Buying Comcast Or Other Big Cable Company

AT&T has been on a buying spree in the last two years, first snatching up DirecTV and its more than 20 million customers, and now trying to acquire the massive Time Warner media empire. The company’s nemeses at Verizon apparently have acquisition envy, and are mulling over a purchase of a cable biggie like Comcast or Charter. [More]

MarteaDesignCo

British American Tobacco Actually Buying Reynolds For Real This Time, For $49 Billion

It looks like the end of a months-long, will they-won’t they saga is finally drawing to a close: North-Carolina based R.J. Reynolds American has finally agreed to let British American Tobacco buy out the remaining part of the company it doesn’t already own for $49 billion. [More]

AT&T Thinks It Might Be Able To Avoid FCC Review Of Time Warner Merger

AT&T Thinks It Might Be Able To Avoid FCC Review Of Time Warner Merger

A merger of the nation’s largest pay-TV provider (and second-largest wireless service provider) and a major multimedia conglomerate with multiple cable channels might seem like a gimme for review by the Federal Communications Commission, but AT&T now thinks it may be able to avoid or minimize scrutiny from the agency in its efforts to acquire Time Warner. [More]