From the NYT DealBook: United is buying Continental, and the combined company will keep the United name and be based in Chicago. Jeffery A. Smisek, Continental’s chief executive, will run the company. Assuming the deal wins antitrust approval, the merged airline would replace Delta Air Lines as the top carrier…
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From PRNewswire: Inference Data LLC and DOAR Litigation Consulting (“DOAR”) today announced that the companies have signed a definitive agreement under which DOAR will acquire Inference Data, a leader in analytics and electronic discovery software. Inference Data, based in New York, NY, is a strategic addition to DOAR’s already extensive discovery management practice. Inference Data [...]
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Interesting article on the merger of Comast/NBC, with mentions of Sirius/XM and AT&T/BellSouth From Matthew Lasar at ArsTechnica: “Good morning, this hearing will come to order, and we welcome all. I notice that there are a few people in the room,” declared Senator Jay Rockefeller (D-WV). “We’re here to discuss consumers—they’re the good guys, right? [...]
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From MainJustice.com: Lawmakers at a House Judiciary Committee hearing Thursday on Comcast Corp.’s proposal to take a majority stake in NBC Universal put both company chiefs in the hot seat. But legislators were interested in shining a spotlight not so much on whether the deal might raise antitrust concerns, but on the companies themselves and [...]
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From the 451 Group: For what was once a fairly staid Old Economy business, Iron Mountain has done a better job than most companies in acclimating itself to the digital age. The records management vendor has accomplished that with eight acquisitions over the past half-decade, picking up technology for online backup and e-discovery, among other [...]
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From CNNMoney.com: Kraft reached a $19 billion deal Tuesday to buy Cadbury, finally succeeding in its takeover of the 200-year-old British candy maker after sweetening its offer. Cadbury’s board said it was unanimously recommending the bid to shareholders. // cnnad_createAd(“270381″,”http://ads.cnn.com/html.ng/site=cnn_money&cnn_money_position=220x200_ctr&cnn_money_rollup=quigo¶ms.styles=fs”,”200″,”220″); // ]]> The cash-and-stock offer values each Cadbury share at 840 pence, or about $13.72. [...]
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From ARS Technica: What happens when one of the nation’s biggest content distributors tries to buy one of the nation’s big content producers? Thanks to the Comcast/NBC deal, we now know the answer: the Department of Justice takes a magnifying glass to the deal. The DOJ has just announced its plan to review the buyout [...]
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From Bloomberg: Exxon Mobil Corp.’s (XOM) planned buyout of independent natural gas producer XTO Energy Inc. (XTO) provided a ringing endorsement for the commodity on Monday–and could signal a modest uptick in merger activity. The deal is valued at $41 billion, including the assumption by Exxon of about $10 billion of XTO’s debt, and is [...]
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The Posse List posted about some of the questions people have emailed to them in regards to what they know about the Comcast/NBC Unviersal Merger. It is far too early to know how this merger/review will proceed. This deal would be a game changer in the world of media, as the various blogs have reported. [...]
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In a follow up to this post below, here is more from The New York Times: General Electric has reached a tentative agreement with the French media conglomerate Vivendi that clears the way for the sale of NBC Universal, including the flagship NBC network, to Comcast, the nation’s largest cable operator, people briefed on the [...]
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In the Washington Post this morning: One is a giant of the entertainment world — a tangle of television networks, a film studio and a stable of hit shows. The other is a cable colossus, the nation’s largest provider of cable TV and Internet access. Together, the possibilities are endless. And that prospect has caught [...]
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