FCC says court made error in approval of AT&T/Time Warner merger

Enlarge (credit: Aurich Lawson) The Department of Justice’s attempt to reverse the AT&T/Time Warner merger received some help yesterday from an unexpected source: the Federal Communications Commission. The FCC previously allowed AT&T to buy Time Warner without having to undergo a lengthy public-interest review, despite pushback from Democrats in the Senate and FCC. The DOJ […]

Tribune ends Sinclair merger bid and files suit over losses

Today, Tribune Media announced that it is no longer interested in Sinclair’s $ 3.9 billion takeover. Furthermore, the company is filing suit against Sinclair for breach of contract, which asks for compensation for all of Tribune’s losses as a result of the breach. Sinclair wanted to purchase Tribune Media’s 42 stations in 33 markets, but […]

Ghosn Desperately Wants All This Renault-Nissan Merger Talk to Stop

Renault-Nissan-Mitsubishi Alliance Chairman Carlos Ghosn is busy trying to convince shareholders of Nissan and Mitsubishi stock that Renault isn’t aiming to take over its Japanese partners. It’s proving to be no easy task. While Ghosn has been clear of late that a merger isn’t in the works, he’s simultaneously adamant that the relationship between the companies must […]

Sorry, Comcast: Fox and Disney sign new merger deal, rejecting Comcast bid

Enlarge (credit: Getty Images | NurPhoto ) The Walt Disney Company and 21st Century Fox have struck a new merger agreement, with Fox’s leadership having rejected Comcast’s attempt to outbid Disney. Under the amended acquisition agreement announced today, Disney would buy Fox for $ 71.3 billion in cash and stock. This comes one week after […]

T-Mobile and Sprint pitch FCC on the merits of their merger

You’ve heard T-Mobile and Sprint try to sell you on their proposed merger, but it’s now regulators’ turn to get an earful. The two carriers have submitted their Public Interest Statement to the FCC outlining the claimed benefits of the union, and it won’t surprise you to hear that they’ve portrayed their move as uniformly […]

Comcast offers $65 billion for Fox, says government won’t stop merger

(credit: Comcast) Comcast today made a $ 65 billion offer to buy major portions of 21st Century Fox, setting up a potential bidding war with Walt Disney Company. Disney already struck a $ 52.4 billion all-stock deal to buy the Fox properties, but Comcast announced that it is making an all-cash offer to “provide [Fox] […]

After a $66 billion merger, one of the most hated food companies in the world is disappearing — sort of

Jim Young/Reuters German drug and chemical company Bayer is finalizing a $ 66 billion blockbuster deal to gobble up agricultural behemoth Monsanto on Thursday. On Monday, Bayer said it was dropping Monsanto’s 117-year-old title. The name drop appears to be part of a strategic move geared at distancing the colossal new company from negative publicity […]

Sprint chair: We will build a great network with or without T-Mobile merger

Enlarge / T-Mobile CEO John Legere (left) and then-Sprint CEO Marcelo Claure during an interview on the floor of the New York Stock Exchange on April 30, 2018. (credit: Getty Images | Bloomberg) Sprint Executive Chairman Marcelo Claure tweeted this morning that Sprint will build “one of the best networks in the world” even if […]

Sprint announces highest profit ever after saying it needs T-Mobile merger

Enlarge / Sprint retail location in Cleveland, Tennessee, on June 19, 2016. (credit: Getty Images | TennesseePhotographer) Sprint yesterday announced “the best profitability in company history” thanks to growth in its customer base, just days after saying it needed to merge with T-Mobile USA in order to improve its network. If Sprint was doing worse, […]