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: 97.34 ( -1.32 )
Cirrus creates Lightning-headphone dev kit
Apple supplier Cirrus Logic has introduced a MFi-compliant new development kit for companies interested in using Cirrus' chips to create Lightning-based headphones, which -- regardless of whether rumors about Apple dropping the analog headphone jack in its iPhone this fall -- can offer advantages to music-loving iOS device users. The kit mentions some of the advantages of an all-digital headset or headphone connector, including higher-bitrate support, a more customizable experience, and support for power and data transfer into headphone hardware. Several companies already make Lightning headphones, and Apple has supported the concept since June 2014. http://bit.ly/29giiZj
Apple Store app offers Procreate Pocket
The Apple Store app for iPhone, which periodically rewards users with free app gifts, is now offering the iPhone "Pocket" version of drawing app Procreate for those who have the free Apple Store app until July 28. Users who have redeemed the offer by navigating to the "Stores" tab of the app and swiping past the "iPhone Upgrade Program" banner to the "Procreate" banner have noted that only the limited Pocket (iPhone) version of the app is available free, even if the Apple Store app is installed and the offer redeemed on an iPad. The Pocket version currently sells for $3 on the iOS App Store. [32.4MB]
Porsche adds CarPlay to 2017 Panamera
Porsche has added a fifth model of vehicle to its CarPlay-supported lineup, announcing that the 2017 Panamera -- which will arrive in the US in January -- will include Apple's infotainment technology, and be seen on a giant 12.3-inch touchscreen as part of an all-new Porsche Communication Management system. The luxury sedan starts at $99,900 for the 4S model, and scales up to the Panamera Turbo, which sells for $146,900. Other vehicles that currently support CarPlay include the 2016 911 and the 2017 models of Macan, 718 Boxster, and 718 Cayman. The company did not mention support for Google's corresponding Android Auto in its announcement. http://bit.ly/295ZQ94
Apple employees testing wheelchair features
New features included in the forthcoming watchOS 3 are being tested by Apple retail store employees, including a new activity-tracking feature that has been designed with wheelchair users in mind. The move is slightly unusual in that, while retail employees have previously been used to test pre-release versions of OS X and iOS, this marks the first time they've been included in the otherwise developer-only watchOS betas. The company is said to have gone to great lengths to modify the activity tracker for wheelchair users, including changing the "time to stand" notification to "time to roll" and including two wheelchair-centric workout apps. http://bit.ly/2955JDa
SanDisk reveals two 256GB microSDXC cards
SanDisk has introduced two 256GB microSDXC cards. Arriving in August for $150, the Ultra microSDXC UHS-I Premium Edition card offers transfer speeds of up to 95MB/s for reading data. The Extreme microSDXC UHS-I card can read at a fast 100MB/s and write at up to 90MB/s, and will be shipping sometime in the fourth quarter for $200. http://bit.ly/294Q1If
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE