Merger

  • FCC to approve XM-Sirius merger

    The Wall Street Journal is reporting that the XM-Sirius merger has been given the tentative OK by the FCC. Deborah Taylor Tate, the final FCC commissioner to cast a vote, is expected to vote in favor of the merger, thus clearing the way for the merger. There are, of course, a few restrictions to be placed on the newly combined company. • Price freeze. They have agreed not to raise prices… Read More

  • XM-Sirius merger approval now down to single vote

    Today was a big day vis-à-vis the XM-Sirius merger, as Johnathan Adelstein, the FCC commissioner who wanted to place all those restrictions on the merger in exchange for his support, has officially withdrawn his proposal, voting against the merger in the process. That leaves us all tied up for votes for and against the merger with one single, solitary vote pending. Deborah Taylor Tate (right)… Read More

  • XM-Sirius merger could wrap up by end of July

    Believe it or not, the XM-Sirius merger could be finalized “any day now.” Cowen & Company, a high-profile investment bank, says the merger “is finally at hand and should occur by the end of this month.” Finally, right? In other possibly corroborating news, XM staffers have been asked to cancel any vacation plans for the week of July 21 (Opie said as much last… Read More

  • Helio posts Virgin Mobile acquisition Q&A

    Oh, how I shall miss Helio. In light of this morning’s long expected announcement that Virgin Mobile had purchased Helio, a Q&A has gone up to answer some of the more pressing questions. It’s all pretty straightforward: there will be no service interruption, new members are welcome, contracts are still valid, and they expect the Helio brand will eventually be dissolved. Read More

  • Virgin Mobile to acquire Helio, says FT

    Let’s be honest. We’ve seen this coming for more than a month now and the Financial Times is reporting that VM and Helio could announce sometime this week that the two MVNOs will merge leaving SK Telecom with a 20 percent stake. There have been rumors floating around that Helio stores will shut their doors in an effort to cut costs, which we haven’t been able to confirm nor… Read More

  • FCC chairman Kevin Martin now supports XM-Sirius merger!

    It looks like Kevin Martin of the FCC is now supporting the XM-Sirius merger. I think my brain just exploded a little bit. Yes, 16 months after initially proposing the merger (and three months after the Justice Department gave the green light), the FCC’s chairman has given it a thumbs-up. Said the chairman: I am recommending that, with the voluntary commitments they’ve offered… Read More

  • Could politics be holding up the XM-Sirius merger, now 450 days later?


    Flickr’d “But if the FCC will no longer approve mergers without Congressional blessing, why does it even need to exist?” So asks the Wall Street Journal, and so ask the good boys and girls—shareholders—who are tired of this charade. The Wall Street Journal wondered aloud yesterday just why it has taken 450 days since the merger was first proposed for it to given… Read More

  • FCC: XM-Sirius merger action 'soon'


    We’re all waiting on this guy The FCC “will hopefully be able to do something on it soon.” “It” is the proposed XM-Sirius merger, while “soon” means whatever you want it to mean. Yup, the FCC chair, Kevin Martin, said today that the deal has taken as long as it has because of all the different regulatory matters involved. Or, maybe, because the likes… Read More

  • Verizon in talks to buy Alltel

    Alltel, the little carrier that could, is in talks with Verizon to merge this year. Verizon is expected to pay eight times Alltel’s EBITDA (“Earnings before interest, tax, depreciation and amortization”). How much that is we do not know but it’s definitely more than fifty dollars. UPDATE – The deal could be about $27 billion, according to Reuters. Read More

  • SK Telecom speaks out on Helio, Virgin Mobile merger rumors [Update]


    There isn’t a whole lot to this one other than a quote from an SK Telecom official regarding the Helio and Virgin Mobile merger rumors. But it leads one to believe that the rumors are true. Make the decision for yourself, though. An SK Telecom official said nothing has been decided yet, but the two companies are “seeking various ways that would be mutually beneficial.”… Read More

  • Analyst: Take-Two's rejection of EA was improper, un-ladylike


    Wedbush Morgan, an analyst firm that likes to analyze and comment on things, says that Take-Two is making a mistake in spurning EA’s advances. $26 per share is a good deal, they say, and the company isn’t going to be any more valuable after the release of GTA IV, which they assume was the reason behind Take-Two’s unwillingness to sell. EA is getting serious now and trying… Read More

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