A couple weeks back, both the FCC and the Justice Department made it clear that they were not going to challenge the massive merger of Time Warner Cable, Charter Communications (and the third wheel of the merger á trois Bright House) after putting some conditions on the deal. Today, the FCC officially confirmed that it has given its blessing to this marriage of inconvenience. [More]
Comcast already owns a mammoth cable/broadband company, a major TV and cable TV network, amusement parks, and a movie/TV/video production and distribution company responsible for money machines like Jurassic World and the Despicable Me/Minions movies. But that’s not enough, apparently. The boys and girls from Kabletown are also looking to add DreamWorks Animation to their shelf. [More]
Earlier today — almost exactly a year after rejecting the merger of Time Warner Cable and Comcast — both the FCC and the Justice Department gave their blessing to the marriage of TWC and Charter. But what does that really mean for the millions of consumers who will be affected by the merger? [More]
Simply walking past the paint aisle at your local home improvement store is enough to make many hearts race and palms go sweaty — what with all the choices. But those walls of swatches might belie the fact that many of those paint brands are owned by the same companies — and that industry could consolidate even further now that Sherwin-Williams has agreed to put itself in the mixing stand with Valspar for $11.3 billion. [More]
Only weeks after making a deal with cargo company Air Transport Services Group (ATSG) to lease a fleet of 20 planes to use for shipping packages, Amazon is now a part owner of the company. [More]
Momentum in the tug-of-war over Starwood Hotels — home to brands like Sheraton, St. Regis, Westin, and W — has shifted once again. Only days after China’s Anbang Insurance appeared destined to win with its “superior proposal,” Marriott managed to dig deep with the help of a few billion additional dollars.
Earlier this week, it looked like the $12 billion acquisition of Starwood Hotels — which includes brands like Sheraton, St. Regis, Westin, and W — by Marriott was in doubt after last-minute interest from China-based Anbang Insurance Group. Today, there is no doubt; that original deal is dead and Starwood is going with the higher offer from Anbang. [More]
Specialty grocery chain Fresh Market is starting the week with a new owner: Apollo Management Group agreed to acquire the chain for about $1.36 billion in cash over the weekend. [More]
Two months after General Motors unveiled a $500 million investment in Lyft, the mustachioed ride-hailing service, with the hopes of one day providing the masses with rides in a self-driving fleet, the carmaker has taken a step that might help it realize that goal: acquiring self-driving vehicle startup Cruise Automation. [More]
Your friends’ posts on Facebook are about to get a bit more cartoon-like now that the social media company has acquired selfie-altering startup Masquerade Technologies. [More]
Imagine a world where G.I. Joe marries Barbie (or Ken) and then they both drive off in their Hot Wheels car to their My Little Pony ranch — and all these products come from the same company. It’s a possibility, with Mattel and Hasbro reportedly chatting about merging the contents of their respective toy chests.
Why should Comcast have all the fun buying up new media products? Univision Communications –parent company of the Univision TV network and dozens of other radio and TV stations — has reportedly snapped up a controlling stake in Onion Inc. [More]