Tag - Merger
The US Federal Communications Commission (FCC) frequently puts out a call for comments as part of their decision-making process, and usually hears back from concerned citizens as well as "astroturf" industry-funded campaigns. In the case of the merger of Comcast and Time Warner Cable (TWC), however, Comcast posted a thank you to the politicians, organizations and businesses that submitted comments in its favor. An investigation of those letters, however, has revealed a number of politicians who's comments were penned by Comcast employees, and simply signed off on, much like the situation where Mississippi State Attorney General Jim Hood sent a subpoena to Google which was later discovered to have been written by the MPAA's law firm.
In spite of Comcast CEO Brian Roberts' assertions earlier this month that the merger with Time Warner Cable (TWC) is going along smoothly, the FCC has paused the informal 180-day clock on its investigation into the merger, due to a total of roughly 38,000 documents submitted by TWC beyond its deadline, and after the FCC had believed it was finished with that part of its investigation into the merger.
The Federal Communications Commission (FCC) announced December 3 that it is restarting the informal "shot clocks" in the review of the $45 billion Comcast-Time Warner Cable and $48.5 billion AT&T-DirecTV proposed mergers. As the FCC is now allowing parties to review confidential information once again, it restarted the pleading cycles with new deadlines for each merger.
A new opposition group emerged today to declare war on the proposed Comcast-Time Warner Cable merger, stressing the negative effects such a deal would present to cable and Internet markets, competition and consumers. The Stop Mega Comcast Coalition proposes in a manifesto that the Department of Justice (DOJ) and the Federal Communications Commission (FCC) reject the merger.
The merger between Comcast and Time Warner Cable is moving along, according to recent statements from Comcast CEO Brian Roberts. Roberts said that his company is moving "full steam ahead" with the $45 billion deal to acquire Time Warner Cable, an acquisition that would bring an additional 11 million customers to Comcast's Internet and television services.
The Federal Communications Commission (FCC) has stopped its "180-day informal time clock" in the review of the merger proposals for Comcast and Time Warner Cable, as well as AT&T and DirectTV. The reason for the stoppage involves the modified joint protective orders that the FCC created at the beginning of October, which content companies are now using to bar outside sources from reading confidential programming agreements.
Comcast and Time Warner Cable have jumped at least two hurdles on their way to merging into one company. This week the majority of Comcast and Time Warner Cable shareholders voted to approve the deal for the merger. However, it appears that another problem has surfaced with the government of second-largest city that Time Warner Cable serves.
In the review of the proposed mergers between Comcast and Time Warner Cable, or the proposed AT&T-DirecTV deal, the Federal Communications Commission (FCC) believes that reviewing the contracts and agreements made by the merger applicants and media companies is important. Last month, the FCC requested that media firms turn over information about deals with Comcast, something that the provider and media companies fought back on. However, the FCC now has plans in place to address some of their concerns in both mergers.
The Wall Street Journal is reporting that T-Mobile's possible purchase by Sprint may no longer be on the table. Sources tell the publication that Sprint's parent company, SoftBank, no longer believes that it would be able to convince regulators that the merger of the two companies would be favorable to the wireless industry. It's believed that officials had given enough of a signal that it would oppose any change in the current wireless market.
Daum Communications, the second largest Internet portal in Korea, will undergo a merger with the company responsible for the Kakao Talk messaging app, Kakao Corporation. The deal will take place through a stock swap, creating a company that is valued at close to $2.9 billion. The merger will allow the resulting company to be a better competitor to the region's largest Internet company, Naver, say representatives for Daum and Kakao.
Now AAPL Stock: 98.92 ( + 1.02 )
Kanex GoPower USB-C charges MacBook
Accessory maker Kanex has introduced a new GoPower model of battery pack featuring both a traditional USB port for charging smartphones and tablets as well as a USB-C port. The new 15,000mAh model offers enough power to fully recharge a 12-inch Retina MacBook, which uses the USB-C port for power, or an iPad Air 2 one and a half times, an iPad mini 4 around 2.5 times, an iPhone 6s Plus approximately 4.4 times over, and an iPhone 6s up to seven times over. The unit, which sells for $100 from Amazon or Kanex directly, outputs 5V at 3A on its USB-C port, and 5V at 2.4A on the USB-A port, and features pass-through charging and priority charging detection technology. http://amzn.to/25lMwD0
Google Paris HQ raided by investigators
Google's Paris headquarters has been raided by dozens of French police. The Tuesday raid was part of an ongoing investigation into possible tax-avoidance practices, stoked by widespread dissatisfaction with the way multinationals like Google are structuring their business operations. Although trading in many countries around the globe, Google reports its international sales only in tax-friendly Ireland, similar to a practice adopted by Apple. According to French law, if it completes any of its sales contracts in France and not Ireland alone, it could be in breach of its laws. Google, for its part, denies any wrongdoing, and said that it is fully compliant with French law. http://reut.rs/1Udk2T9
Apple TV extends universal search to NBC
Apple has extended its universal search function on the Apple TV to now include NBC shows in its results, provided the user has installed the NBC tvOS app. The search results can be generated either through Siri, or through the Search app, and includes support for searches by title, genre, and actor, among other queries. NBC joins CBS, more recently, among other channels including: Disney Channel; Disney Jr; Disney XD; FOXNOW; FXNOW; HBO GO; HBO NOW; Hulu; Nat Geo TV; Netflix; PBS; PBS Kids; SHOWTIME; SHOWTIME Anytime; Starz, and Watch ABC, all of which are supported by universal search. http://apple.co/25lGi5R
Comixology fires up $6 all-you-can-read service
Amazon-owned Comixology has launched an all-you-can-read comic subscription service. After a 30-day free trial, for $6 a month, subscribers can draw from a large selection of the Comixology library, minus Marvel and DC comics. For now, the service is US-only. http://bit.ly/1WMAOft
QuarkXPress 2016 now shipping
Quark is now shipping QuarkXPress 2016, the newest version of Quark's graphic design and desktop publishing software that now features near-WYSIWYG fixe HTML5 publishing as well as improved operability with InDesign and Illustrator and support for multi-Color Gradient Blends, OpenType Stylistic Sets, a Color Picker (Eyedropper tool), Touchpads for Pinch and Zoom (Mac only) and more. Users on any previous version of QuarkXPress (versions 3-10) can upgrade to version 2016 for $350, while QuarkXPress 2015 users can upgrade to 2016 for $180; new licenses are available for $850 (education licenses are available for $90). http://bit.ly/1OL23Pu
Kanex debuts GoPower USB-C for MacBooks
Kanex today introduced its GoPower USB-C, a portable power solution designed to charge a USB-C MacBook on the go along with an iPhone or iPad simultaneously. Featuring 15,000 mAh of power--capable of charging an iPhone 6s seven times or the USB-C MacBook one full time--the GoPower USB-C Portable Battery features one 3A USB-C port and one 2.4A port for other devices, priority charging detection technology and a pass-thru charging to your devices when the battery is plugged into a power source. http://bit.ly/1TKaf8z
i.am+ EPs earphones are Apple Store exclusive
Musician turned consumer electronics entrepreneur Will.i.am has launched a new pair of Bluetooth wireless earphones, dubbed the i.am+ EPs. The new earphones are an Apple Store exclusive, and feature large 14mm drivers and aptX support for high-quality wireless streaming. The i.am+ EPs support A2DP controls, have a 30-foot range and can last up to six hours on a charge. The design is said to be inspired by the "iconic shape of vinyl records," and are made from spun metal and paired with a woven fabric cord. When not in use, the EPs magnetically click into place around the neck. The iam+ EPs are available now at select Apple Store and Apple.com for $230, are available in gold-on-black or black-on-black. http://bit.ly/1OKVlt2