AT&T closed its $85 billion deal to acquire media company Time Warner Inc after U.S. antitrust regulators indicated they would not seek a delay.
Comcast offered $65 billion to lure Fox away from a merger with Disney, setting up a bidding war between two of the largest US media companies with its 20% higher offer.
A court approval for AT&T’s $85 billion takeover of Time Warner lifted media and telecom shares on Wednesday, helping U.S. stock futures ahead of US Fed announcement.
Shares of AT&T Inc fell 2 percent after a federal judge approved the telecom company’s $85 billion buyout of Time Warner Inc, clearing the path for more deals.
AT&T, awaits a court ruling that will determine if it can buy Time Warner, a decision that could prompt a cascade of pay TV companies buying television and movie makers.
Investors are overweight US equities for 1st time in 15 months, Lynch’s latest monthly survey of funds showed, with US seen as the only region with a favorable profits outlook.
AT&T said that it is negotiating with the US FTC to resolve a 2014 complaint that claimed the company offered deceptive “unlimited” mobile phone data plans.
‘AT&T’s $600,000 deal with Trump’s personal attorney, Michael Cohen, specified that Cohen would advise the company on its $85 billion merger with Time Warner.’
A state government official said that the food business in the city and other parts of the state could be seriously impacted if such sale is not stopped.
US has opened a probe into alleged coordination by AT&T Inc, Verizon to hinder consumers from easily switching wireless carriers, a person briefed on the matter said.
JSW Steel Limited
May bid for Arcelor-Mittal's Romanian plant
Gets DCGI's marketing nod for key cancer drug
Inks 5-year I.T. Infra deal with Nokia
BANK OF MAHARASHTRA
To raise Rs 3,000 Crore equity capital
Plans to launch 50 cvs this fiscal
Company may bid for Arcelormittal's Romanian plantco
Proposes investment of $500 Mn to upgrade steel manufacturing unit at Ohio, USA
Integrated steel manufacturing unit in Ohio, with potential capacity of 3 MTPA
Company gets marketing nod for Durvalumab drug from DCGI
Durvalumab is a patented product of AstraZeneca Global
Permission significant for patients with limited treatment options
Nokia signs 5-year global I.T. Infra & application services deal with company
Company will transition services from four incumbent vendors
Will build on strong existing engineering-centric partnership with this deal worth $500 Mn
BANK OF MAHARASHTRA
Gets shareholders' nod for raising equity capital upto Rs 3,000 Cr
Bank union requests govt to intervene in bank's arrests
AIBEA writes to DFS secy to step-in to save bank's reputation
May have rotating chairman till full time chairman is appointed
U.S. Investors of bank want Kochhar to quit
Investors will be confident if external candidate is appointed as CEO: Macquarie
TOI & ET REPORTS