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Merger

Verizon goes to bat for AT&T, defends T-Mobile merger

September 22nd, 2011

Verizon Communications chief executive Lowell McAdam has gone on record in suggesting that the company’s biggest rival, AT&T, should be allowed to complete its proposed $39 billion acquisition of T-Mobile USA. “That match had to occur,” McAdam said at an investor conference on Wednesday, warning that the government has no choice but to allow such mergers unless …

T-Mobile still confident acquisition by AT&T will proceed

September 19th, 2011

T-Mobile on Friday issued a new statement to the press, reasserting its belief that AT&T’s acquisition of T-Mobile USA will ultimately be approved. Last week, attorneys general from seven states joined the United Stated Department of Justice’s lawsuit attempting to block the $39 billion deal. The DOJ’s suit argues that the takeover would eliminate T-Mobile …

Broadcom to acquire NetLogic for $3.7 billion

September 13th, 2011

Broadcom announced on Monday that it will acquire NetLogic Microsystems for $3.7 billion and current NetLogic shareholders will receive $50 per share owned. “This transaction delivers on all fronts for Broadcom’s shareholders — strategic fit, leading-edge technology and significant financial update,” Broadcom president and CEO Scott McGregor, said. “With NetLogic Microsystems, Broadcom is acquiring a …

AT&T/T-Mobile merger could put Sprint out of business

September 12th, 2011

Chitika Insights, Chitika’s research arm, recently proposed the question “What if AT&T and T-Mobile actually merge?” and created a graph of what the wireless landscape in the United States might look like if AT&T’s proposed $39 billion takeover of T-Mobile USA is passed. Chitika concluded there could be calamitous consequences for Sprint and various regional …

AT&T bites back at Sprint’s attempt to block merger

September 6th, 2011

Sprint announced that it was suing AT&T in an effort to block its proposed acquisition of T-Mobile USA on Tuesday morning. Later in the day AT&T issued the following statement in response to the suit: This simply demonstrates what we’ve said all along – Sprint is more interested in protecting itself than it is in …

Sprint sues to block AT&T/T-Mobile merger

September 6th, 2011

Sprint announced on Tuesday that it has filed a lawsuit with a federal court in the U.S. District of Columbia in an effort to block AT&T’s planned $39 billion acquisition of T-Mobile USA from Deutsche Telekom. The suit is related to the Department of Justice’s lawsuit, which was filed on August 31st. “Sprint opposes AT&T’s …

With or without AT&T/T-Mobile merger, analyst says Sprint already lost

September 6th, 2011

Lead by chief executive Dan Hesse, Sprint has likely been the most vocal opponent of AT&T’s proposed $39 billion T-Mobile USA acquisition. The Department of Justice announced last week that it was filing a lawsuit in an attempt to block the deal, and while AT&T was none too happy with the news, Sprint predictably responded by …

AT&T could sell 25% of T-Mobile to sway feds in favor of acquisition

September 2nd, 2011

AT&T is prepared to make sacrifices in an effort to sway the U.S. Department of Justice and the Federal Communications Commission in favor of its planned $39 billion acquisition of T-Mobile, Reuters reported on Friday. On August 31st, the U.S. Department of Justice filed a lawsuit against AT&T in attempt to block the merger, a …

‘AT&T is certain to lose’ lawsuit with DOJ, former FCC chairman says

September 2nd, 2011

Former FCC chairman Reed Hundt voiced his opinion on the Department of Justice’s decision to sue AT&T in an effort to block its planned $39 billion merger with T-Mobile USA. “AT&T is certain to lose,” Hundt told SNL. “They can litigate the case to death,” he said noting that the acquisition was anti-competitive. “It’s an …