Articles about mergers

Comcast center in Philadelphia

Thought the AT&T Time-Warner tie-up was scary? Comcast says 'hold my beer'

With the massive $85bn merger between AT&T and Time Warner set to finalize, a newly-emboldened Comcast is pushing for a media mega-deal of its own. The US cable kingpin officially made its offer on Wednesday to acquire 21st Century Fox in an all-cash deal worth $65bn. The deal would give Comcast all outstanding shares in 21st …
Shaun Nichols, 14 Jun 2018

AT&T gets clearance to devour Time Warner for $85 BEEEELION

A US District Court judge has given the all-clear for AT&T's $85bn acquisition of broadcast giant Time Warner. In a ruling issued Tuesday afternoon, Judge Richard Leon said that the DOJ had failed to show how the combined tv and telco giants would substantially harm competition in the US market. In doing so, Leon also removed …
Shaun Nichols, 12 Jun 2018
Chinese revolutionary panda

China changes its mind on Bain's Toshiba chip takeover plans

The government of China will not stand in the way of the Toshiba Memory Corporation's sale to US investment house Bain Capital. Both Bain and Toshiba announced on Thursday that they were set to finalize the deal next month after antitrust officials in China had cleared the merger that had already been approved in the US and …
Shaun Nichols, 17 May 2018
Handing over dollars picture via Shutterstock

Sprint, T-Mobile US sitting in a tree, M-E-R-G-I-N-G

T-Mobile US will acquire rival Sprint for US$26.5 billion in stock, a transaction both mobile carriers hope will give them a lead in 5G. The cell networks announced the agreement on April 29. The two telcos hope together they can bulk up enough to do battle with Verizon and AT&T in the next generation wireless market. T- …

Broadcom baits hook with promise of $1.5bn investment fund to catch Qualcomm

Broadcom says it will earmark $1.5bn for funding of 5G wireless broadband networks as part of its proposed acquisition of Qualcomm. The chip designer said Wednesday that, should its $117bn buyout plan for Qualcomm go through, it will set up a $1.5bn fund to "focus on innovation to train and educate the next generation of …
Shaun Nichols, 7 Mar 2018
Car on Monopoly board. PHOTO BY Kamira, editorial use ONLY VIA SHUTTERSTOCK

Who wants to play monopoly with no get-out-of-jail-free card, Qualcomm asks its shareholders

Qualcomm is hoping to scare its shareholders away from considering Broadcom's takeover offer – by predicting regulatory doom and gloom for the combined company. The Snapdragon chip designer has enlisted the help of what it calls "former senior antitrust enforcers and leading antitrust experts" in publishing a report expressing …
Shaun Nichols, 23 Feb 2018
Fingers measuring a tiny distance

Qualcomm disappointed by Broadcom's 'inadequate' shrinking package

Qualcomm has told Broadcom to – and this is a technical term, here – go screw itself after Broadcom cynically lowered its per-share buyout offer to the Snapdragon chipset designer. Yes, that's right, after months of aggressively eying up Qualcomm as an acquisition target, Broadcom on Wednesday reduced what it was willing to …
Shaun Nichols, 21 Feb 2018
Trying to catch money in a net

Qualcomm asks Broadcom over for lunch and a proper chat about being bought

Qualcomm has rejected Broadcom's latest attempt to buy it, but has also said it is willing to discuss doing a deal. That's a change from the position the company adopted after Broadcom offered US$103bn to buy Qualcomm in November 2017. At the time Qualcomm's response to Broadcom rejected the offer and said nothing about how …
Handing over dollars picture via Shutterstock

Broadcom adds a few billion to its indecent proposal to Qualcomm

Chip slinger Broadcom has turned up the heat on its hostile bid to take over rival Qualcomm today, with the semiconductor biz expected to raise its offer by between $15bn-$40bn (£10.7bn-£28bn). Reuters and The Financial Times have respectively reported the Singapore-based firm will slap between $120bn (£85bn) and $145bn (£ …
Kat Hall, 5 Feb 2018
Larry Ellison on stage at Oracle's cloud pricing announcement

Larry's steely grip on Oracle led to 'conflicts of interest' in NetSuite buy-out, court told

Oracle's acquisition of NetSuite was a "stage-managed" process rife with conflict of interest, lawyers for one of Big Red's shareholders have argued in a case alleging the biz overpaid for the cloudy ERP firm. NetSuite was snapped up by Oracle in 2016 for $9.3bn, which equated to $109 per share – about 60 per cent more than …
Rebecca Hill, 26 Jan 2018

Who's going to gobble Microsemi? Chip flinger looks for suitors

Microsemi, flogger of military and aerospace semiconductors, is reportedly looking for buyers after it was propositioned by an unnamed company. The firm has hired investment bank Qatalyst Partners to advise it on the best course of action, including a possible sale, according to Reuters. Neither the company nor the bank …
Kat Hall, 25 Jan 2018
Friends look shocked watching TV. photo by Shutterstock

Liberty Global's sale of Austrian biz paves way for Voda merger plans – reports

Liberty Global is rumoured to be near to closing a deal to flog its Austrian biz to Germany's Deutsche Telekom for about $2bn (£1.5bn), which could reopen merger talks with Vodafone in Blighty. Blabbermouths briefed on the negotiations told the Financial Times that discussions between Liberty Global and DT over the unit are …
Kat Hall, 22 Dec 2017

Merger-hungry AT&T sued for price gouging by Texas ISP

AT&T has been hit with a particularly badly-timed antitrust lawsuit accusing it of price gouging. The telecoms giant was sued [PDF] by Texas-based ISP and TV carrier En-Touch Systems for charging exorbitantly high prices for a local sports channel AT&T owned in the Houston market. The suit, filed in AT&T subsidiary DirecTV's …
Shaun Nichols, 6 Dec 2017

Nokia 'not currently' talking about nor arranging Juniper buy

Nokia Networks has denied a rumour that it's planning to make an offer for Juniper Networks. The possibility that the European vendor might slurp the Gin Palace was floated by unnamed sources who spoke to CNBC. Those sources said Nokia would offer US$16 billion. Since that's well over Juniper's current market capitalisation …
Poster for the movie Cable Guy. Copyright:  Columbia Pictures Corporation,

High-freq trade biz sues transatlantic ISP for alleged spiteful cable cut

A New York investment firm is suing its ISP to retain its access to a high-speed international internet link – after the firm was acquired by a company that has a beef with the broadband provider. KCG Holdings, a high-frequency trading specialist, claimed in a lawsuit filed this month in a southern NY district court that …
Shaun Nichols, 29 Nov 2017
Woman sweats... looks worried

AT&T insists it's not sweating US govt block of Time-Warner gobble

AT&T says it is not worried about the possibility of a US government lawsuit derailing its attempts to acquire Time-Warner. Shortly after news broke on Monday that Uncle Sam's Department of Justice was filing suit in Washington DC to block the proposed $85bn merger, the American telecoms giant issued a statement saying it …
Shaun Nichols, 21 Nov 2017
The Broadcom BCM2836 chip in the new Pi 2

Now, now, Qualcomm... Don't play hard to get, grins Broadcom

Broadcomm says it will continue its efforts to acquire rival chip designer Qualcomm despite a unanimous rejection of its $103bn buyout offer. Shortly after Qualcomm issued its statement on Monday turning down the $70-per-share bid, Broadcomm fired back almost immediately with an announcement of its own maintaining that its …
Shaun Nichols, 13 Nov 2017
Double thumbs up photo via Shutterstock

Level 3 thrown in the C'Link after watchdog approves $34bn gobble

America's comms regulator has signed off on the $34bn merger deal that will see ISP CenturyLink take over internet backbone Level 3. The telco announced Monday it had cleared the final regulatory hurdle, and convinced FCC boss Ajit Pai and co. to approve the cash and stock biz gobble. The FCC approval follows prior go-aheads …
Shaun Nichols, 31 Oct 2017

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