The biggest bank deal in America since the financial crisis
Tag: merger
Billionaire investor Steve Case says the failure of the 2000 AOL Time Warner mega merger taught him a crucial lesson about execution
Hollis Johnson/Business Insider Steve Case is the billionaire founding CEO of AOL and the head of Washington, DC-based venture-capital firm Revolution. In 2000, AOL bought Time Warner for $ 165 billion, making it the largest merger in history at the time. Case left in 2005, correctly predicting it was an unsustainable partnership. He said that […]
The DOJ just approved Cigna’s $67 billion merger with Express Scripts (ESRX, CI)
The Department of Justice just cleared Cigna‘s $ 67 billion merger with Express Scripts. The deal combines a health insurer and a company that helps negotiate lower prices for prescription drugs in the form of rebates on behalf of health plans. Cigna and Express Scripts said Monday that they expect the deal to close by the […]
FCC presses pause on review of the T-Mobile and Sprint merger
The FCC just announced it’s “pausing the Commission’s informal 180-day transaction shot clock” on the merger between Sprint and T-Mobile. The reasoning for this apparently comes from material submitted only recently by the companies, that break down a planned network engineering model, as well as T-Mobile’s “Build 9” business model explaining the deal’s financial backing. […]
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 […]
The Sinclair/Tribune Merger Is Dead. Here’s Why That Matters
It may seem strange to worry about the future of broadcast in this digital era, but the fact remains: that’s how many people get their news. https://media.wired.com/photos/5b6c7db061743303b6869f4d/master/pass/TribuneMergerDeath-Biz-AP_18130594458656.jpg
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 […]
