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Merger

Motorola Mobility to shed 800 jobs ahead of Google merger

October 31st, 2011

Motorola Mobility will spend $31 million as it lays off 800 employees ahead of its planned acquisition by Google, Bloomberg reported on Monday. Motorola said in a regulatory filing that it would spend $27 million in employee severance and an additional $4 million closing a number of existing facilities. “Motorola Mobility continues to focus on …

Sprint denied access to AT&T documents in fight against merger

October 25th, 2011

U.S. District Judge Ellen Huvelle recently shot down Sprint’s request to access a number of documents related to AT&T’s planned acquisition of T-Mobile USA. “You don’t stand in the shoes of the consumer or the Department of Justice,” Huvelle said. Sprint originally sued to block the merger in September, shortly after the U.S. Justice Department …

MetroPCS interested in buying AT&T/T-Mobile assets

October 21st, 2011

MetroPCS is interested in purchasing spectrum and subscribers from AT&T and T-Mobile, Bloomberg said Friday. Leap Wireless and Dish Network were also approached and Leap may still be interested in making an offer. The deal with MetroPCS would likely amount to less than $4 billion. In August, The Wall Street Journal revealed AT&T had hired …

Microsoft completes $8.5 billion Skype purchase

October 14th, 2011

Microsoft announced on Friday that it has completed its $8.5 billion purchase of Skype. Skype will exist as a new division within Microsoft and Skype CEO Tony Bates will continue to serve as the head of the Skype team. In addition, Skype’s employees around the globe will remain in their current offices. Microsoft confirmed that …

AT&T responds to FCC, says merger will ‘create thousands of jobs’

October 14th, 2011

On Thursday the FCC wrote a letter to AT&T stating that the carrier failed to submit enough information detailing how it will create jobs in the United States, should its planned acquisition of T-Mobile USA be approved. AT&T responded to the letter said said it “is aware that the Commission has requested additional information about …

FCC: AT&T failed to address how proposed T-Mobile merger will add jobs

October 13th, 2011

Rick Kaplan, chief of the Federal Communication Commission’s Wireless Telecommunications Bureau, sent a letter to AT&T on Thursday asking the carrier to clarify just how the proposed merger with T-Mobile USA will add jobs in the United States. “Our review of the information currently in our record suggests that AT&T’s responses on this issue remain …

DOJ wants more info on Google’s planned Motorola Mobility purchase

September 29th, 2011

The United States Justice Department has issued a request for more information from Google and Motorola Mobility concerning the search giant’s planned $12.5 billion acquisition of the phone maker. Google senior vice president Dennis Woodside explained that his company is still confident the deal will be approved. “We believe very strongly this is a pro-competitive …

Google asks judge to secure ‘competitively sensitive data’ in AT&T/T-Mobile case

September 28th, 2011

Google asked a federal judge to secure “competitively sensitive data” that may be revealed during the Justice Department’s investigation into AT&T’s proposed $39 billion acquisition of T-Mobile USA, Bloomberg reported on Wednesday. Google said the data it provided to the investigation is related to its Android operating system and it fears the information could be …

AT&T: Sprint has been lying for months about motives for opposing T-Mobile merger

September 22nd, 2011

The already-bloody battle over AT&T’s proposed $39 billion acquisition of T-Mobile USA recently became an all-out war. Sprint has been vocal with its opposition of the merger since day one, and comments from company CEO Dan Hesse on Wednesday may have shed some light on a previously undisclosed reason for Sprint’s stance. “I don’t believe …

Sprint CEO suggests AT&T can’t buy T-Mobile, only Sprint can buy T-Mobile

September 22nd, 2011

Sprint CEO Dan Hesse has been an outspoken opponent of AT&T’s proposed $39 billion acquisition of T-Mobile USA since it was announced earlier this year. Hesse has repeatedly warned that such a merger would “stifle innovation” and put “too much power would be in the hands of two,” and it is understandable that the CEO …