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(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] […]
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 […]
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 […]
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, […]
The massive deal still has to be approved by regulators, and that may not be as easy as it sounds. https://media.wired.com/photos/5ae60f028e4a7069fc59cb2b/master/pass/Legere1-494489420.jpg
T-Mobile and Sprint have started and stopped merger talks so often that it’s easy to become jaded about the whole thing, but it now looks like they’re close to a deal — no, for real this time. Sources talking to CNBC, Reuters and the Wall Street Journal have all insisted that the two carriers are […]
AP Photo/Rogelio V. Solis US wireless carriers T-Mobile and Sprint are finalizing terms as they seek to sign a merger by Monday that could value Sprint at around $ 26 billion. The combined company, with more than 127 million customers, would have added clout to challenge industry leaders Verizon and AT&T. Among other things, the telecom giants are in […]
WIRED columnist Susan Crawford on why the AT&T-Time Warner merger is bad for competition, bad for content, and bad for consumers. https://media.wired.com/photos/5ac575e431e1b134c961530d/master/pass/McKenna_5518_3000x2250.jpg
(Reuters) — Singapore’s competition watchdog said it had reasonable grounds to suspect competition had been infringed by Uber’s deal to sell its Southeast Asia operations to rival ride-hailing firm Grab. In a rare move, the Competition Commission of Singapore (CCS) has commenced an investigation into the deal and proposed interim measures tha…Read More
Discovery Communications Inc. announced today that the European Commission has approved its acquisition of Scripps Networks Interactive. The merger was announced last July and both companies’ shareholders voted to approve the $ 14.6 billion deal in November. Discovery, which owns TLC, Animal Planet and the Discovery Channel will gain Scripps holdings such as HGTV, Food […]
