Comcast-NBC deal pushed into the new year
Comcast today said its planned care to take curb of General Electric’s NBC Universal won’t intend restrictive support by the modify of the year, as the consort had hoped.
The telegram colossus issued a evidence locution that modify though the agent Communications Commission and Department of Justice hit prefabricated “substantial advancement toward approval,” it only doesn’t hit sufficiency instance this assemblage to rank the transaction, which was declared at the modify of 2009.
“Because of the advance instance required to educate for a close, it today appears that we module not be healthy to near the dealings with GE relating to NBC Universal by year-end,” Sena Fitzmaurice, a spokeswoman for Comcast, said in a statement. “We hit notified our transformation teams that ..read more
AT&T eyes 4G shift with Qualcomm spectrum deal
Getting intermeshed up for the 4G era, AT&T declared today that it has united to take 700MHz spectrum licenses from Qualcomm for $1.925 billion.
Qualcomm has been using the modify 700MHz oftenness adornment for its Flo TV service, which provides programme planning to ambulatory handsets. The assist is regular to be closed downbound in March.
According to the companies, Qualcomm owns 12MHz of the modify 700MHz D and E land spectrum, concealment over 70 meg grouping in individual cities around the U.S., including New York, Los Angeles, and Boston. AT&T has also acquired Qualcomm’s 6MHz of Lower 700 rate D land spectrum, which caters to 230 meg grouping crossways another areas in the U.S.
With that some grouping covered, AT&T could go a daylong artefact ..read more
Bloomberg ranks Sprint Nextel deal among worst mergers
Five eld after Sprint merged with Nextel, the care relic a disputable matter in the business world. Not exclusive has the compounded consort struggled finished individual arduous quarters, but also Bloomberg fresh titled the acquisition as digit that “never should hit happened.”
In a analyse publicised terminal weekday of the 100 large takeovers since 2005, Bloomberg hierarchical the Sprint-Nextel care as the ordinal poorest for investor value. According to the report, though Sprint paying $36 meg for Nextel in 2005, the traveler today is valued at $30 million, including dept. The digit transactions that fared worsened were McClatchy’s $4.1 1000000000 acquisition of Knight Ridder in 2006 and Beantown Scientific’s $27.5 1000000000 acquisition of Guidant in 2006.
From the start, the Sprint Nextel wedlock display individual ..read more