FCC unsure AT&T’s T-Mobile deal will create jobs; announces court hearing

By on November 22, 2011 at 5:30 PM.

FCC unsure AT&T’s T-Mobile deal will create jobs; announces court hearing

The Federal Communications Commission said Tuesday that it will hold an administrative hearing to examine AT&T’s planned acquisition of T-Mobile USA. The FCC said the hearing will not begin until after the Justice Department’s lawsuit against the merger, and that case isn’t expected to go to trial until February. The hearing was decided upon after the FCC concluded in a draft order that the AT&T/T-Mobile deal might not be in the best interest of the public and could result in job losses. The government agency also said that the burden will be on AT&T and T-Mobile to prove otherwise. Read on for more. More →

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DOJ vs. AT&T hearing set for September 21st

By on September 7, 2011 at 3:45 PM.

DOJ vs. AT&T hearing set for September 21st

Federal Judge Ellen Segal Huvelle set a hearing for the Department of Justice’s lawsuit against AT&T for September 21st, The New York Times reported on Wednesday. “The parties shall be prepared to discuss the prospects for a settlement” on that date, Huvelle said. The U.S. Department of Justice filed a lawsuit in an attempt to block AT&T’s proposed acquisition of T-Mobile USA on August 31st and said “AT&T’s elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market.” AT&T responded and said it would ask for an expedited hearing and that the DOJ has the “burden of proving alleged anti-competitive affects and [AT&T intends] to vigorously contest this matter in court.” AT&T, Deutsche Telekom and the Department of Justice have been asked to file the initial paperwork for the hearing by September 16th. More →

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Dish’s Blockbuster buy approved by judge

By on April 7, 2011 at 11:46 PM.

Dish’s Blockbuster buy approved by judge

A bankruptcy judge on Thursday approved Dish Network’s winning bid and gave it the OK to acquire Blockbuster for $320 million. Dish’s bid topped other bidders including Cobalt Video, a group of hedge funds lead by Monarch Alternative Capital, and billionaire investor Carl Icahn earlier this week at an auction for Blockbuster’s business and assets. New York Judge Burton Lifland gave his approval in bankruptcy court, and Dish will now assume control of 1,700 remaining Blockbuster locations, the company’s DVD-by-mail business and its streaming video business. Now that a judge has approved the deal, Dish is expected to pay roughly $228 million for Blockbuster when factoring in the value of the fallen video giant’s remaining cash and other assets. Proceeds from the sale will help Blockbuster’s creditors, which include multiple movie studios and Carl Icahn, reclaim a portion of the $1 billion they are collectively owed. More →

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Apple, Nokia prepare to kick-off legal battles this week

By on November 29, 2010 at 8:09 AM.

Apple, Nokia prepare to kick-off legal battles this week

Technology juggernauts Apple, Inc. and Nokia Oyj are preparing to plead their respective patent-infringement cases to the International Trade Commission (ITC) this week. In preparation for the court battle — which Bloomberg likens to two “800-pound gorillas fighting each other” — the publication is reporting that Apple is actively “recruiting lawyers who have fought for and against some of the world’s largest companies, including Microsoft, Intel Corp., and Broadcom Corp.” Nokia filed a complaint against Apple in October of 2009 claiming infringement upon several of its patents; Apple followed with a counter complaint shortly after. The hearings between Apple and Nokia this week kick-off a round-robin of patent litigation between Apple, Nokia, Motorola, and HTC. We’ll stay on top of this one and let you know of any major developments that occur. More →

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