merger

Google replacing Mergers and Acquisitions chief

Google replacing Mergers and Acquisitions chief

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.

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Google-Motorola deal closing this week, layoffs imminent

Google-Motorola deal closing this week, layoffs imminent

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.

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AT&T blames FCC for T-Mobile job cuts

AT&T blames FCC for T-Mobile job cuts

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.

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Google Motorola buy approved by EU

Google Motorola buy approved by EU

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

Google’s Motorola deal expects EU approval next week

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.

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AT&T drops its T-Mobile merger deal

AT&T drops its T-Mobile merger deal

The AT&T and T-Mobile merger deal is officially dead. After months of seeking FCC approval and facing several road blocks, including a lawsuit from the DOJ, AT&T has finally succumbed to defeat and issued a statement today announcing that it is dropping its proposed bid to takeover T-Mobile for $39 billion.

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