According to Straight Path, it had very recently struck a merger agreement that will have Verizon Wireless pay an estimated $3.1 billion in an all stock transaction in order to acquire the wireless spectrum holder. By securing this deal, the Big Red has effectively managed to outbid rival AT&T for Straight Path’s spectrum.
In a bid to try to compete with the Big Four (namely Verizon Wireless, AT&T, T-Mobile, and Sprint), Comcast and Charter have decided to join forces in order to enter the wireless market in the United States.
Just this week, wireless carrier AT&T has revealed a deal that would give shareholders of Straight Path Communications $1.25 billion (or an equivalent of $95.63 a share) in AT&T stock for the communications asset firm. When including the penalties Straight Path owes the Federal Communications Commission (FCC), the total value of the deal is $1.6 billion.
Nextbit, the startup firm that developed the Robin smartphone, has been acquired by Razer. This latest move by Razer is proof that the company is making an aggressive effort to expand its operations beyond developing hardware and software for gamers. Three months prior, Razer had also completed its acquisition of THX, the familiar audio technology company.
This week saw United States lawmakers grill the second biggest wireless carrier in America regarding its plans to complete its acquisition of media empire Time Warner for a sum of $85 billion. Some of the questions thrown by the US Senate antitrust subcommittee revolved around how the merger would potentially impact prices for Americans or affect fair competition among online video content service providers.
AT&T confirmed over the weekend that it will be acquiring Time Warner for a sum of $85.4 billion, which makes it one of the most expensive acquisitions in history. The merger will be done via a half stock, half cash deal, and both companies are expecting the acquisition to be finalized by the end of next year.
It appears so, according to a report published by Bloomberg just this week. Officials from AT&T and Time Warner have reportedly been involved in discussions over the past few weeks regarding a potential blockbuster merger between the wireless giant and the media powerhouse.
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