Copyright © 2015
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.