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Articles Tagged:

merger

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[Update: Merger complete] Judge rules in favor of $85 billion AT&T-Time Warner merger

News of a proposed AT&T takeover of media giant Time Warner has been rumbling along for almost two years now. Donald Trump promised to contest the deal if he was voted into office, and sure enough, the Justice Department sued in an attempt to block the deal on antitrust grounds. The lawsuit has now been rejected by a District Court judge, allowing the deal to go ahead without any further conditions.

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T-Mobile and Sprint officially announce merger

After years of on and off discussions, it's finally happening: T-Mobile and Sprint are merging. The two companies have released official statements, confirming the merger will finally happen and how it will work. The merger will be an all-stock transaction, with Sprint valued at $59 billion and T-Mobile at $146 billion.

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[Update: More details] Report: T-Mobile and Sprint may agree to merger as soon as next week

Sprint and T-Mobile weave a complicated relationship. For years they've desired each other, drawn inexorably to that most corporate copulation: the merger. In a landscape run by AT&T and Verizon, the two star-crossed lovers have struggled separately to carve a little chunk of the world (including the US telecommunications market) for themselves. And, according to a report by Reuters, after a long and conflicted courtship, their paths and profits may soon be joined. 

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Flickr has been acquired by photo-sharing service SmugMug

Flickr announced yesterday that it's entered into an agreement to be acquired from Oath Inc. by photo-sharing and image hosting platform SmugMug. Flickr currently has no plans to change its service following the acquisition.

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T-Mobile and Sprint are reportedly starting merger talks yet again

We all know how annoying it can be when you've got two friends who are clearly into each other, but neither one of them has the guts to make a move. So, everyone around them has to put up with the awkwardness and tension. That's where T-Mobile and Sprint are right now. They've almost gotten together a few times, only to have things fall apart at the last minute. Now, the carriers are reportedly entering into merger talks again. Maybe they'll finally seal the deal this time.

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MoviePass makes deal to acquire Moviefone

MoviePass has acquired Moviefone in a deal between the two services' parent companies, according to a press release. Moviefone got its start in the pre-internet days of 1989, providing information about movies and their showtimes via a toll-free phone number. The dial-in service was shuttered in 2014, but Moviefone has continued to provide showtime and ticket services via its mobile app and website.

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Broadcom withdraws Qualcomm bid in wake of Trump block

Broadcom's efforts to acquire Qualcomm emerged as one of last year's most controversial business moves in mobile tech. Already both major players on the semiconductor scene, the idea of them condensing down to one firm fueled fears of monopoly-building. Even as Qualcomm rejected Broadcom's offers, the company didn't back down, and earlier this month we learned of plans to stack Qualcomm's board with some voices more amenable to the acquisition. Now, though, that's all a moot point, following an order from President Trump blocking the proposed takeover. Today Broadcom acknowledges that development with word that it's withdrawn its Qualcomm offer.

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Google reportedly wants to absorb Nest into its hardware division

Nest, maker of home automation and security devices, was purchased by Google in 2014 for $3.2 billion in cash. The company remained a Google subsidiary until 2015, when Google restructured and created a parent company for itself called 'Alphabet.' Nest and Google became sister companies under Alphabet, along with other former Google subsidiaries (like Waymo and X).

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T-Mobile reportedly trying to salvage merger effort, gives counter-offer to Sprint

T-Mobile and Sprint were first reported to be in merger talks in late August, with the announcement originally planned for the end of October. Last month, a report from Bloomberg stated that the carriers' parent companies (Deutsche Telekom and SoftBank) were in the final stages of an agreement. But the end of October came and went with no announcement.

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Sprint and T-Mobile merger has reportedly been dropped

A possible merger between T-Mobile and Sprint has been a topic of discussion and rumors for years. Last month, it was revealed that the two companies were (again) in talks of a merger, with T-Mobile's parent company Deutsche Telekom having majority ownership of the new carrier.

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