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Tagged: mergers

Our best freaking stuff right now:

February 18, 2013
15:28 • 3 months ago

  • $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

February 13, 2013
20:27 • 3 months ago
  • 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.

May 7, 2012
17:03 • 1 year ago
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)
January 13, 2012
10:33 • 1 year ago

  • 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

November 27, 2011
20:48 • 1 year ago
November 25, 2011
11:38 • 1 year ago

  • 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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August 31, 2011
23:34 • 1 year ago

  • $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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11:15 • 1 year ago

  • 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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August 4, 2011
10:13 • 1 year ago

  • before About 18 months ago, Kraft (an already big global brand it its own right) bought an equally big global brand — Cadbury, a brand which sells much more than chocolate eggs outside of the U.S. It was a buyout that Cadbury long rebuffed, by the way. Because, really, who wants to mix Velveeta and Trident gum, anyway?
  • now The company, seeing that it had two distinctly different product portfolios with different strengths — groceries (like Maxwell House and Kraft cheeses) and snacks (like Oreo cookies and, well, Cadbury), decided to take these two halves and pull them apart, like an Oreo filled with sweet, sugary financial success. source

» Part of a larger trend: A number of other companies have followed this splitting-the-company path lately — including Motorola, Sara Lee and Fortune, Inc. And just you wait. In a year or two, they’re all gonna want to put Humpty Dumpty back together again.

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June 19, 2011
22:56 • 1 year ago

  • cause A little while back, Microsoft agreed to buy out Skype — an $8 billion agreement, the largest in the tech titan’s history by far. The deal, a surprising one by any stretch, just passed regulatory scrutiny.
  • effectBefore the company’s merger with Microsoft goes final, the comany is reportedly firing a bunch of top executives — timing it so that the workers don’t get full paydays for the merger. Lamesauce. source

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May 11, 2011
23:28 • 2 years ago

  • January After a long year of hand-wringing, including much complaining by consumer groups, the FCC approved the merger of NBC Universal and Comcast by 4-1. There was much teeth-grinding.
  • May One of the four commissioners who voted for the merger, Meredith Attwell Baker, has a new job. Wanna guess where? It rhymes with “bombast.” Or, perhaps, “total conflict of interest.”  source

March 22, 2011
15:45 • 2 years ago
March 20, 2011
21:30 • 2 years ago

  • 35 million subscribers on T-Mobile’s current wireless setup
  • 100M number of subscribers Verizon has, buoyed by a large infrastructure that nobody can touch
  • 95M number of subscribers AT&T has — if the merger goes through, they’ll top Verizon
  • 40M number of subscribers Sprint has; they were also having merger talks with T-Mobile source

» It’s all about infrastructure: AT&T is trying hard to play catch-up with Verizon, which not only has more customers and bandwidth, but also now has the iPhone. The bummer for T-Mobile users is that AT&T’s monthly rates are far higher than T-Mobile’s, which as you might guess has people worried. While T-Mobile has tried to get ahead of talk like this, the concerns are enough that many analysts are warning that the deal won’t go through.

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14:56 • 2 years ago

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