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‘merger’ Stories

MetroPCS encourages shareholders to vote for amended T-Mobile offer

, Apr 15th 2013 Discuss [0]

MetroPCS is once again encouraging its investors to vote in favor of its upcoming merger with T-Mobile, especially now that Deutsche Telekom has improved its offer terms. The improved terms reduces the amount of debt the merged companies would have to pay back by $3.8 billion. It also reduces the debt's interest rate by 0.5%. DK also promised that it won't be selling shares of the combined company for at least 1 year. Read The Full Story

DISH reportedly approached Deutsche Telekom about a possible T-Mobile merger

, Apr 14th 2013 Discuss [0]

DISH Network Chairman Charlie Ergen had reportedly approached Deutsche Telekom about a possible merger between DISH and T-Mobile USA. According to Bloomberg's sources, DISH approached the company before it had approved an improved merger offer to MetroPCS. Deutsche Telekom said it might be interested in DISH's offer, however it will only consider it once its merger with MetroPCS closes. Read The Full Story

Deutsche Telekom approves improved merger offer for MetroPCS

, Apr 10th 2013 Discuss [0]

It looks like Deutsche Telekom has revised its merger offer for MetroPCS to make it more appealing. There's only 2 days left before MetroPCS's shareholders decide whether or not the prepaid wireless carrier will be joining forces with T-Mobile USA. According to The Wall Street Journal, Deutsche Telekom approved a much better bid in order to convince MetroPCS shareholders to vote in favor of the merger. Read The Full Story

eMusic and K-NFB Reading ebook distributor merge into Media Arc Inc.

, Mar 19th 2013 Discuss [0]

Those who have been using digital music since its earliest days will be familiar with eMusic, which offered cheap monthly subscriptions and a relatively large music library. Today, the music service merged with an ebook distributor called K-NFB to form an entirely new company called Media Arc, Inc. The merger was done quietly, only being announced in an email sent out to record labels. Read The Full Story

T-Mobile, MetroPCS merger gets approval from Department of Justice

, Mar 6th 2013 Discuss [0]

Back in October, it was announced that T-Mobile would be acquiring regional carrier MetroPCS, but the deal isn't final just yet. It obviously has to pass through several government barriers before it can officially happen. However, there's one less hurdle to jump now, as the Department of Justice has given the merger the green light. Read The Full Story

Google replacing Mergers and Acquisitions chief

, Dec 7th 2012 Discuss [0]

This week it's been tipped that the man behind Google's Mergers & Acquisitions group, David Lawee, will be moved to a new investment group inside the company while his position is filled by one Don Harrison. This information comes from an anonymous source speaking with Rueters where they've received the information on agreement that this unauthorized source not be revealed. The corporate development group that Lawee currently resides over inside Google will have a new face in Harrison after a number of years with the same man keeping the boss seat warm. Read The Full Story

T-Mobile and MetroPCS are officially merging

, Oct 3rd 2012 Discuss [0]

Yesterday we reported that European wireless provider Deutsche Telekom was in talks with regional carrier MetroPCS to carry out an acquisition deal. Today, the deal is done, with T-Mobile USA officially announcing that MetroPCS will be merging with the carrier to increase customer base and attempt to take the third spot in the wireless carrier race in the US.

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Google-Motorola deal closing this week, layoffs imminent

, May 21st 2012 Discuss [0]

Google's $12.5 billion deal to acquire Motorola Mobility is ready to close this week. The deal just passed through its last hurdle over the weekend, getting China's regulatory approval and an 8-K form was filed by Motorola today, noting that the deal would close within the next two days. And although neither company has mentioned restructuring plans, there's still concerns about potential layoffs. Read The Full Story

AT&T blames FCC for T-Mobile job cuts

, Mar 23rd 2012 Discuss [4]

AT&T has issued a statement blaming the FCC for the T-Mobile job cuts announced yesterday. T-Mobile will be shutting down 7 call centers and laying off 3,300 employees, although it will be creating 1,400 new positions at the remaining call centers. AT&T exec Jim Cicconi believes that the cutback would not have been necessary had the FCC approved the $39 billion merger between AT&T and T-Mobile. Read The Full Story

Google Motorola buy approved by EU

, Feb 13th 2012 Discuss [1]

Today the folks at Google have been given the official final OK by the European Union to purchase Motorola Mobility. This unconditional regulatory approval will allow Google to purchase the handset maker for a total of $12.5 billion USD, the EU noting though that they would be monitoring the company and rivals’ use of Motorola patents to ensure they all comply with their antitrust rules galore. This deal was originally announced this past August and still needs U.S. Justice Department approval before it can be finalized.

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Google’s Motorola deal expects EU approval next week

, Feb 10th 2012 Discuss [0]

Google's bid to purchase Motorola Mobility for $12.5 billion is set to be approved by the US Department of Justice next week and now insiders claim that the merger will also get the green light in Europe. The European Commission will reportedly approve the deal in "unconditional" form, determining that the acquisition is not anti-competitive. Read The Full Story

Google-Motorola deal approval deadline set for February 13 in Europe

, Jan 19th 2012 Discuss [2]

The European Commission has set a February 13 deadline to decide whether or not to approve Google's $12.5 billion acquisition of Motorola. The new date comes after the commission suspended the January 10 deadline to wait for additional documents from Google. Read The Full Story
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