US: Hulu spends US$1.43B to buy back AT&T stake

US: Hulu spends US$1.43B to buy back AT&T stake

Hulu has bought back wireless carrier AT&T’s stake in the US entertainment streaming service for US$1.43 billion, in a deal that values Hulu at US$15 billion, Reuters reported. The sale of AT&T’s 9.5% stake to Hulu in a cash deal gives Walt Disney—which holds a 60% stake in Hulu via a joint venture—more control of […]

US: Dems want to know if White House interfered in AT&T/TW merger

US: Dems want to know if White House interfered in AT&T/TW merger

On Thursday two US House Democrats asked the White House and Justice Department to turn over documents that could show whether Republican President Donald Trump sought to intervene in the regulatory review of AT&T’s $85 billion acquisition of Time Warner. In letters released on Thursday, House Judiciary Committee Chairman Jerrold Nadler and Representative David Cicilline, who chairs […]

US: AT&T and Vodafone join forces to drive forward IoT connectivity

US: AT&T and Vodafone join forces to drive forward IoT connectivity

AT&T has teamed up with Vodafone Business to work on accelerating Internet of Things (IoT) connectivity and innovation within the automotive industry. The aim is to simplify the process of implementing IoT technology within vehicles and deliver safety, security, and entertainment solutions. “This alliance with Vodafone Business is a natural extension of our existing relationship,” […]

US: AG nominee claims Delrahim gave “inaccurate” version of Time Warner meeting

US: AG nominee claims Delrahim gave “inaccurate” version of Time Warner meeting

William Barr, President Donald Trump’s choice for the next Attorney General, earlier this year questioned whether the Department of Justice’s (DOJ) Antitrust Division’s motivation for attempting to block the merger of AT&T and Time Warner was political. Barr, who served as Attorney General under George H.W. Bush, has been a member of the Time Warner […]

US: AT&T-Time Warner optimistic about DOJ’s merger appeal

US: AT&T-Time Warner optimistic about DOJ’s merger appeal

Federal Appeals Court judges Thursday, December 6, questioned lawyers representing the Department of Justice (DOJ) about the government’s economic concerns regarding AT&T’s US$85 billion acquisition of Time Warner. The DOJ’s Antitrust Division filed an appeal of a district court judge’s June approval of the merger that resulted in the formation of WarnerMedia—citing the deal would […]

US: More opinions on AT&T-Time Warner merger at Appeals Court

US: More opinions on AT&T-Time Warner merger at Appeals Court

  Over the objections of AT&T and Time Warner’s merger, the DC Circuit Court of Appeals has decided to permit 27 antitrust scholars to speak at a hearing later this week, according to the Hollywood Reporter. This Thursday, December 6, the US government will continue its efforts to block the US$85 billion deal between AT&T […]

Appeals court to hear DOJ objection to AT&T deal on Dec. 6

Appeals court to hear DOJ objection to AT&T deal on Dec. 6

A US appeals court will hear oral arguments on December 6 in the Justice Department’s (DOJ) fight against AT&T’s US$85.4 billion purchase of Time Warner, the court announced on Wednesday, October 17. The merger, which was announced in October 2016, closed on June 14 after a US district court ruled the deal was legal under […]

US: AT&T CEO raised idea of selling CNN to head off antitrust challenge

US: AT&T CEO raised idea of selling CNN to head off antitrust challenge

According to Bloomberg, AT&T CEO Randall Stephenson floated the idea of selling CNN when he met with US antitrust officials last year in an attempt to head off a government lawsuit challenging the company’s proposed takeover of Time Warner, according to a deposition. During a November meeting with the Justice Department’s antitrust chief, Stephenson raised […]

US: Nine State Attorneys General support AT&T in TW suit

US: Nine State Attorneys General support AT&T in TW suit

Nine state attorneys general–seven Republican and two Democratic–filed an amicus brief late Wednesday, September 26, in the US Court of Appeals for the DC Circuit declaring their support for the AT&T/Time Warner merger and their opposition to the Department of Justice’s (DOJ) arguments. “What is truly unusual, especially in a merger of such national scope, […]

US: FCC: “Court made error in approval of AT&T/Time Warner merger”

US: FCC: “Court made error in approval of AT&T/Time Warner merger”

The Department of Justice’s (DOJ) attempt to reverse the AT&T/Time Warner merger received some help on Monday, August 13, from an unexpected source: the Federal Communications Commission (FCC). The FCC previously allowed AT&T to buy Time Warner without having to undergo a lengthy public-interest review, despite pushback from Democrats in the Senate and FCC. The […]

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