merger news stories on Newser

US Airways Takes First Step Toward American Merger

Evann Gastaldo — Fri, 20 Apr 2012 09:46:09 CDT

US Airways has taken a big step in its plan to merge with bankrupt American Airlines, it announced today by filing a form with the SEC. A letter to US Airways employees from the CEO explains that to win a merger the company still needs the OK of American-parent AMR's...

AT&T: Forget T-Mobile Merger

Mon, 19 Dec 2011 16:33:05 CST

AT&T Inc. said today that it is ending its $39 billion bid to buy T-Mobile USA after facing fierce government objections. The cell phone giant said that the actions of the US government to block the deal do not change the challenges of the wireless phone industry, which it says...

AT&T 'Pretty Confident' It Can Save T-Mobile Deal

Kevin Spak — Fri, 02 Sep 2011 14:45:05 CDT

AT&T is dead set on getting its $39 billion acquisition of T-Mobile past anti-trust regulators, and it’s developing a two-part plan to do so. While one of the telecom giant’s hands is preparing to battle the Justice Department in court, the other will be trying to strike a deal with...

Senator Says AT&T, T-Mobile Merger Must Die

Kevin Spak — Wed, 20 Jul 2011 14:32:55 CDT

AT&T’s purchase of T-Mobile must be blocked on antitrust grounds, Sen. Herb Kohl declared today. The chair of the Senate subcommittee on Antitrust, Competition Policy, and Consumer Rights released a letter urging the FCC and Justice Department to step in before the two phone companies get hitched, the Wall Street...

AT&T, T-Mobile Merger Bad News for Consumers

Evann Gastaldo — Mon, 21 Mar 2011 06:29:18 CDT

Reactions to the surprise AT&T-T-mobile merger are pouring in, and, not surprisingly, most conclude this isn't a good thing for consumers: The Bell telephone system—"aka AT&T"—was broken up in 1984 to increase competition, and the US telecommunications market was deregulated in 1996, again to increase competition. But this...

Germans Close to Buying NY Stock Exchange

Mary Papenfuss — Thu, 10 Feb 2011 07:57:49 CST

The raucous cathedral of American capitalism, the New York Stock Exchange, is about to be bought by the Germans. If regulators approve the deal, the acquisition of NYSE Euronext (which owns the NYSE) by Deutsche Börse AG (which owns the Frankfurt stock exchange) would create the world's largest financial exchange....

AOL Weighs Breakup, Yahoo Merger

Matt Cantor — Mon, 06 Dec 2010 06:27:42 CST

As AOL shifts to focus on content, the Internet firm is considering breaking off its dial-up Internet service arm and then merging with Yahoo, insiders tell Reuters . Yahoo hasn’t been contacted about the plan, which echoes a move Time Warner considered in 2008 and 2009 before spinning off AOL. That...

It's Official: Newsweek , Daily Beast to Merge

Evann Gastaldo — Fri, 12 Nov 2010 06:53:05 CST

It's official: Newsweek and the Daily Beast will merge. This morning's announcement comes after yesterday's rumors —and despite last month's report that merger talks were killed. Tina Brown will in fact serve as editor-in-chief of both Newsweek magazine and the Daily Beast; current Beast president Stephen Colvin will be CEO....

Daily Beast, Newsweek Kill Merger Talks

Nick McMaster — Mon, 18 Oct 2010 16:13:10 CDT

The Daily Beast and Newsweek have pulled off a pre-marital divorce, reports the Wall Street Journal , with merger talks breaking down over the weekend over the finer points of editorial control. Though both parties stood to save costs by consolidating the editorial staff, the Journal notes that Beast co-owners Tina...