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May 18, 2014

AT&T learns an important lesson about massive mergers

  • then In an effort to expand its mobile base, AT&T attempted to buy T-Mobile for $39 billion a couple years back, only to be rebuffed by federal regulators due to antitrust concerns. The situation was very costly for AT&T, which had to pay a $4 billion break-up fee over the failure of the deal.
  • now Clearly finding that a mobile merger is not in the cards, AT&T announced a $48.5 billion buyout attempt of satellite giant DirecTV. Unlike the T-Mobile deal, no break-up fee is tied to the purchase—on AT&T’s end. If another suitor is found by DirecTV, however, the TV company will have to pay the phone company $1.4 billion in fees. source
23:07 // 5 months ago
April 24, 2014
17:05 // 5 months ago
February 18, 2013

Two companies you thought were already one company consider merger

  • $2.2B the combined market value of OfficeMax and Office Depot, two big-box office supply companies which are considering a merger. That’s right, nonobservant people who wouldn’t be caught dead in an office-supply store: They’re two separate companies. source
15:28 // 1 year ago
February 13, 2013

American Airlines and US Airways merge, and the loser is competition

  • 86% of all domestic air travel in the United States will be controlled by a total of four companies, after American Airlines and US Airways merge. The merger is the latest in a consolidation-heavy decade for airlines in the country. What this means for you: The cost of a plane ticket is about to go upsource

Oh yeah, it’s worth noting that American Airlines has had a really tough past couple of years.

20:27 // 1 year ago
May 7, 2012
If Comcast is violating the administration’s orders, it should face significant penalties so consumers know they can count on the administration to protect it from anticompetitive conduct.
Senator Al Franken • In a statement, after sending a letter to the FCC and Department of Justice, requesting an investigation of possible violations of the conditions that Comcast agreed to when the company merged with NBC last year. “When the Obama administration signed off on Comcast’s merger with NBC Universal, it laid out a set of rules to prevent Comcast from squashing its competitors,” added Franken. Comcast has denied allegations of wrongdoing, saying that its On Demand service is subject to cable rules, but not internet regulations. source (viafollow)
17:03 // 2 years ago
January 13, 2012

Why Obama wants Congress to allow him to merge federal agencies

  • what President Obama plans to ask Congress for the right to merge together a number of sprawling trade and commerce agencies with somewhat similar purposes.
  • why It’s an effort to cut resources and minimize overlap, and the move would save $3 billion over 10 years. The election-year timing is also a consideration for Obama. source
10:33 // 2 years ago
November 27, 2011
20:48 // 2 years ago
November 25, 2011

Off the table (for now): The AT&T merger with T-Mobile

  • what After a long back-and-forth with the government over the implications of the merger, AT&T said Thursday (that’s right, on Thanksgiving!) that they would not pursue FCC approval of a merger with T-Mobile.
  • why It looked very unlikely to get through regulators’ clutches. The merger would have effectively marginalized Sprint in the market, leading the FCC to call a hearing on the merger, and the DOJ to file an antitrust suit.
  • however Both AT&T and T-Mobile have much to lose from the stunted deal — AT&T in penalty fees (reaching into the billions) and lost infrastructure, T-Mobile in declining business. They will probably try again soon. source

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11:38 // 2 years ago
August 31, 2011

Rick Perry: Totally backed that AT&T merger with T-Mobile

  • $500,000 from AT&T to Rick Perry source

» AT&T’s contributions = Rick Perry’s support? Back in May, Rick Perry told the FCC he backed the AT&T/T-Mobile merger. “I believe that this merger will continue to provide for great consumer choice, offer a wide range of service options, and spur continued innovation,” he wrote. He might’ve had a little help from those campaign contributions over the past decade. AT&T has a bit of a history of going out of its way to turn public favor its way, going so far as to bizarrely convince GLAAD to support the merger. With the Justice Department coming out against the merger and AT&T’s contributions to Perry coming under scrutiny, will Perry back down? (Strangely enough, BTW, the Justice Department’s James Cole made a statement that reads like the polar opposite of what Perry wrote: “We believe the combination of AT&T and T-Mobile would result in tens of millions of consumers all across the United States facing higher prices, fewer choices, and lower-quality products for their mobile wireless services.” Hrm.)

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23:34 // 3 years ago

Justice Department attempts to block AT&T merger with T-Mobile

  • then A while back, AT&T announced it would attempt to purchase T-Mobile for $39 billion, in an attempt to shore up deficiencies in its wireless network. Other companies and consumer groups, most notably Sprint, loudly complained.
  • now Now the Justice Department’s trying to block the merger. “AT&T’s elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market,” their complaint said. *BOOM.* source

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11:15 // 3 years ago