Articles about mergers

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
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
china

Trump blocks China-backed Lattice Semiconductor buyout

The Trump administration has blocked the purchase of a US semiconductor company by a Chinese investment firm, citing national security concerns. The White House said on Wednesday that it would not allow Canyon Bridge Capital, a fund backed by China Venture Capital, to acquire Lattice Semiconductor, a US chipmaker, out of fears …
Shaun Nichols, 14 Sep 2017
A donkey

Democrats (still a thing, apparently) are super unhappy about AT&T's Time-Warner merger

Democrats in US Congress oppose AT&T's acquisition of Time-Warner and any other proposed big-time telco gobbles. In a policy outline [PDF] posted Monday, titled A Better Deal, the party says it stands in opposition to this and other mergers that will reduce competition among cable providers and cut off Americans from a choice …
Shaun Nichols, 24 Jul 2017
L200_Slim

Memory loss: Toshiba puts chip biz up for sale

Toshiba says it will sell off its memory semiconductor business as it looks to recuperate from the write-off of losses to its nuclear power business. The Japanese electronics giant said on Friday that it wants to flog its flash chips and SSD divisions of its storage and electronic devices solutions company by March 31 of this …
Shaun Nichols, 27 Jan 2017
Trump Tower in New York

AT&T CEO clambers up Trump's tower, explains why he should shower gold for Time Warner

AT&T boss Randall Stephenson has been spotted at Trump Tower in New York City – reportedly in an effort to sell the president-elect on his company's plan to buy Time Warner. The CEO was seen entering the Trump headquarters on Thursday for a meeting with The Donald. Reuters cites sources familiar in reporting that the meetup …
Shaun Nichols, 12 Jan 2017
Photo by Magnus H?ij

Cancel! that! yacht! order! Marissa! – Verizon's! still! cold! on! Yahoo! gobble!

A Verizon executive is once again casting doubt on the telco giant's $4.8bn bid to acquire Yahoo! Speaking at an investor conference in Las Vegas today, executive vice president Marni Walden said of the deal, "Unfortunately, I can't sit here today and say with confidence one way or the other because we still don't know." The …
Shaun Nichols, 5 Jan 2017

Chip biz Aixtron begs for help: Just let the Chinese eat me!

With its proposed acquisition by a Chinese investment group now having been shot down in two hemispheres, Aixtron is looking for government help to get another deal through. The German semiconductor manufacturer is reportedly hoping to work with regulators in Germany on a plan that would allow it to go forward with its sale to …
Shaun Nichols, 9 Dec 2016

Clinton, Trump actually agree on something – blocking AT&T's Time Warner mega-buy

AT&T's proposed $84.5bn acquisition of Time Warner is already facing a gauntlet of opposition from government officials and activists. With the announcement of the deal less than 48 hours old, both leading presidential candidates have indicated they would oppose the merger after taking office due to concerns of over- …
Shaun Nichols, 24 Oct 2016
Stamped word 'nope'

Verizon!'s top! lawyer! ponders! walking! away! from! Yahoo! gobble!

Verizon has acknowledged that it could call off its $4.8bn acquisition of Yahoo!, after the Purple Palace fell victim to the largest user data breach on record. Speaking with reporters at an event Thursday, Verizon general counsel Craig Silliman said Verizon does feel the exposure of 500 million Yahoo! Mail accounts could …
Shaun Nichols, 13 Oct 2016
Defeated-looking young man puts his head against table in front of laptop and pile of papers in conference room. Pic via Shutterstock

Yahoo! Mail! down?! Great! timing! as! more! US! senators! dogpile! hacked! web! giant!

Yahoo!'s embattled mail service was dealt another blow Tuesday when an outage hit users worldwide. Data from outage monitors DownDetector and Outage.Report back up multiple reports from users that the service was knocked offline for a period of time earlier this morning US time, or afternoon for those in Europe. Y mientras el …
Shaun Nichols, 27 Sep 2016

HPE crams unloved software down Brits' throats – then charges them $9bn to swallow it

Hewlett Packard Enterprise will eject its non-core software business in what it calls an $8.8bn "spin merge" deal with UK-based Micro Focus. HPE's big data, security, and IT management products – including some of its ex-Autonomy assets – will be spun out into a new company that will merge with Micro Focus. That's a software …
Shaun Nichols, 8 Sep 2016

Dude, you got a Dell lawyer: HPE sues high-flying ex-exec after defection to EMC

HPE is suing a former senior executive who absconded to Dell with a head allegedly full of trade secrets. In a complaint [PDF] filed to the Delaware State Chancery Court, HPE alleges that KC Choi, the departed Vice President of Global Solutions Architecture, violated a 12-month non-compete agreement when he fled to EMC just …
Shaun Nichols, 6 Sep 2016
A man handing out cash

Rackspace finds its $4.3bn sugar daddy

Cloud management provider Rackspace says that it will be going private in a deal that will pay shareholders $4.3bn. Investment house Apollo Global Management says it will be paying $32 per share to buy out stakeholders and run Rackspace as a private company. Rackspace stock closed yesterday (prior to the announcement) at $30. …
Shaun Nichols, 26 Aug 2016
A man buried in paperwork

This MySpace investor keeps spamming Google with lawsuits – and the ad giant just wants him to stop

Google has asked a US court to stop a former MySpace investor from repeatedly filing suit against it. The web advertising giant this week told (PDF) the US District Court for Northern California that Brad Greenspan has been burdening its lawyers and racking up its legal bills by constantly filing motions in a lawsuit that was …
Shaun Nichols, 19 Aug 2016

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