Right on cue, T-Mobile has completed its merger with Sprint. As of today, the two carriers are one — they’ll do business simply as T-Mobile. They’re also clearly confident in the transition, as CEO John Legere is stepping down early rather than waiting until the end of April as his contract dictated. COO Mike Sievert is taking Legere’s place, effective immediately.
Now that Comcast has withdrawn from the bidding war, Disney is free to proceed with acquiring most of 21st Century Fox’s assets. Shareholders for both companies just approved a $71.3 billion buyout, a larger figure than either of the suitor companies’ earlier offers. They must still divest 22 regional sports networks per the Justice Department’s demands, but should everything go smoothly, the merger is expected to be completed in the first half of 2019.
Just when we thought the AT&T–Time Warner merger was finally a done deal after a district court judge ruled in its favor last month, it seems not everyone wants to accept its terms. The Justice Department has filed to appeal the approval, according to a court document spotted by CNBC, which could reverse the deal if the DOJ wins. Continue reading Justice Department appeals approval of Time Warner-AT&T merger
For years, people have wondered if Google would merge its Android and Chrome operating systems, and the company has steadfastly held to them important but distinctpieces of its strategy. That might be changing: The Wall Street Journal is reporting that Google has been working for two years to merge Chrome OS and Android. The results of that unified operating system is expected to be officially released to the public in 2017, but we may see an early version as soon as next year.
Walgreens Boots Alliance Inc. agreed to buy Rite Aid Corp. for about $9.4 billion, in a move that would create a drugstore giant as companies across the U.S. health-care industry look for ways to bulk up.