News 

5 things AT&T revealed in the Time Warner trial that could directly affect you

“After the merger, AT&T will want to use every opportunity to promote its new media business” writes Brian Fung Covers for washingtonpost.com. Here’s what he said.] This product could technically roll out before the Time Warner merger closes.Stephenson added that the product will be free for AT&T wireless subscribers who have an unlimited data plan. [AT&T’s CEO took the stand in the Time Warner trial. Source: washingtonpost.com Share This:

Read More
News 

AT&T-Time Warner Trial: Randall Stephenson Takes Stand and Defends Merger

“Stephenson tried to show that the ability to gain increased leverage in distribution was never the rationale for the merger” writes Ted Johnson for variety.com. WASHINGTON — AT&T CEO Randall Stephenson defended his company’s $85 billion plan to merge with Time Warner as he took the stand in one of the most anticipated moments of the antitrust trial.Stephenson also was asked about a conversation he had with Bewkes in the summer of 2016, before the merger was announced. Ron Quintero, a CPA, testified that AT&T’s predictions of merger synergies were…

Read More
News Stocks 

Qualcomm slides after layoffs, regulatory challenges to NXP merger

“That deal was ultimately blocked by U.S. officials, in an effort to protect U.S. tech companies from growing Chinese competition” writes unknown author for cnbc.com. A Commerce Ministry spokesman said Thursday that the chipmakers would have to do more to resolve competition concerns.”This deal will have significant influence in the industry and might have a negative impact on competition,” the unnamed spokesman for the agency told Reuters.The U.S. chipmaker has already received approval from eight of nine required global regulators to finalize the acquisition, with Chinese clearance the only one…

Read More
News 

Justice Department to review Cigna-Express Scripts merger

“The Department of Justice will review a $54 billion deal between health insurer Cigna and drug middleman Express Scripts” writes Ap Photo Wilfredo for washingtonexaminer.com. The Justice Department has moved to stop healthcare deals before because of antitrust concerns, most notably suing to block a deal between insurers Cigna and Anthem and another between Humana and Aetna.The review, first reported by Bloomberg, comes amid concerns about increasing consolidation in healthcare.DOJ and the Federal Trade Commission have not said if they will review the proposed deal between Aetna and drugstore chain…

Read More
News 

AT&T subsidiary DirecTV asks to be dropped from antitrust case

“DIRECTV is not the seller, the acquired entity, or a major stockholder of the acquirer,” lawyers for the company said in a filing” reports businessinsider.com. DirecTV satellite dish is seen on a residential home in Encinitas, California Thomson Reuters By Diane Bartz WASHINGTON (Reuters) – DirecTV, the biggest U.S. pay TV company and a subsidiary of AT&T , asked a federal court on Tuesday to drop it from the lawsuit that the government filed to stop AT&T from buying movie and TV production company Time Warner . Source: businessinsider.com Share This:

Read More
News 

Informa, UBM shareholders approve £3.9 bln deal

“The merger will result in Informa shareholders owning 65.5% of the enlarged company, with UBM shareholders owning the remainder, according to Informa, which said the deal is expected to complete in the second quarter of 2018” writes Adam Clark for marketwatch.com. The offer, originally disclosed in January, leaves UBM shareholders with 1.083 new Informa shares and 163 pence in cash for each UBM share held.Informa PLC (INF.LN) said Tuesday that its 3.90 billion pound ($5.58 billion) offer for rival business-to-business events organizer UBM PLC (UBM.LN) has been approved by the…

Read More
News 

Wait, Sprint and T-Mobile haven’t merged yet? | Commentary

“Should it go the Sprint merger route, T-Mobile would gain more scale at a time when pricing has gotten fiercely competitive in the mature wireless market” writes Bloomberg News for seattletimes.com. T-Mobile and Sprint are the Ross and Rachel of the business world — they need to just get together already.Sprint is back to losing money, deal talks with Bellevue-based T-Mobile US are back on, and all is normal in the wireless world again. Source: seattletimes.com Share This:

Read More
News 

CBS CEO Les Moonves could make up to $280 million if Shari Redstone fires him over embattled CBS-Viacom merger

“CNBC reported on Wednesday that Redstone was “likely” to remove Moonves as the CEO of CBS if merger negotiations between CBS and Viacom fell through, citing sources familiar with the matter” writes John Lynch for businessinsider.com. CBS CEO Leslie Moonves could make up to $280 million if Shari Redstone, the controlling shareholder of CBS and Viacom through her company National Amusements, fires him over the embattled potential merger between the two TV companies, according to a Bloomberg report.In a recent profile of the embattled potential merger, THR reported that Viacom’s…

Read More
News 

Sprint, T-Mobile Owners Gain on Merger Talk Reports

“The owners of Sprint Corp. (S) and T-Mobile US Inc. (TMUS) saw their shares surge on Wednesday, April 11, on reports that the companies have restarted merger talks” writes Lisa Botter for thestreet.com. T-Mobile stock closed at $63.13 after gaining 5.67%, shares were up 0.33% in premarket trading. The CEO said that he had travelled to the private home of Softbank CEO and Sprint Chairman Masayoshi Son in Tokyo in a bid to save the deal, however the pair decided against it. Source: thestreet.com Share This:

Read More
News 

Redstone weighs CBS-Viacom merger with or without Moonves

“Redstone wants Moonves to run the combined company, according to the people familiar with the situation, all of whom wished to remain anonymous because discussions are confidential” writes Midwest Communications Inc for 95kqds.com. Moonves is chafing at Redstone’s insistence on installing Viacom’s CEO as his second-in-command and likely successor of a merged company, the people say. Source: 95kqds.com Share This:

Read More