merger

A prominent organization that advises major shareholders in public companies how they should vote in corporate elections has told MetroPCS owners to vote against the T-Mobile merger.

Institutional Shareholder Services wrote to shareholders yesterday, saying that seeing their company merge with T-Mobile would not be in their best interests. According to The Wall Street Journal, which obtained a copy of the note, ISS was especially concerned with the way the market has responded since the deal was announced.

"In light of the negative market response to this transaction (shares are down 14.4 percent since announcement), the lower equity … Read more

If you followed AT&T's unsuccessful play for T-Mobile that ultimately imploded in late 2011, then you'll remember that Sprint wasn't a fan of the proposed merger.

No, the nation's third-largest carrier opposed the transaction almost immediately and vigorously trashed it whenever it had the chance. And today, fifteen months after AT&T formally abandoned its $39 billion bid, Sprint brought up the issue again in a short statement regarding the upcoming resignation of Federal Communications Commission Chairman Julius Genachowski.

"From his decision to block AT&T's proposed takeover of T-Mobile … Read more

T-Mobile USA and MetroPCS, the fourth and fifth largest cellular networks in the U.S., are set to merge after the third and final regulator gave its thumbs-up to the deal.

First reported by Bloomberg, the three regulators involved in the scrutiny process have now completed their inspection, allowing the deal to close before the fiscal second quarter, as planned.

Now that the Committee on Foreign Investment has given its approval, only a vote among MetroPCS shareholders to sign off on the deal is holding up the merger, which is set to be voted upon on April 12.

The two … Read more

The Federal Communications Commission today officially approved the merger between T-Mobile USA and MetroPCS. The Department of Justice also gave a green light for the deal.

In a statement, FCC Chairman Julius Genachowski said that the merger will strengthen the U.S. wireless market by "moving toward robust competition and revitalized competitors."

The Justice Department, meanwhile, said in its statement that because MetroPCS is a regional provider and T-Mobile is a nationwide carrier, competition should not be harmed at a national level by allowing the companies to combine. And because MetroPCS competes in markets where all four nationwide … Read more

Thanks to T-Mobile USA's expected closure of its merger with MetroPCS, the newly combined company is going to find itself with more employees than it knows what to do with.

Actually, it seems the No. 4 U.S. wireless carrier already has a pretty good idea what it will do with some of them, and it involves pink slips. T-Mobile is expected to begin layoffs at its Bellevue, Wash., headquarters as early as tomorrow that could result in the elimination of more than 100 jobs in marketing and other departments, according to The Seattle Times, which first reported on … Read more

Verizon and Vodafone want to square away their long-standing relationship -- tied together by Verizon Wireless -- this year, according a report from Bloomberg.

Verizon Wireless, which is jointly owned by Verizon and Vodafone, has long been a source of questions over when the two telco giants would resolve the arrangement. Verizon has for years sought to buy out Vodafone's stake in Verizon Wireless, while Vodafone has agitated for a better return from the fast-growing asset.

Verizon and Vodafone now are exploring a range of options, from ending the joint venture to merging the two companies. The two have … Read more

Sprint Nextel played the field a bit before committing to a merger with SoftBank, according to a merger proxy document filed by Sprint this week with the Securities and Exchange Commission.

The nation's third-largest wireless carrier had discussions with at least four companies, though the specific names weren't revealed.

The wheeling and dealing underscores the trend toward industry consolidation, spurred partly by competition, as well as by the need for more wireless spectrum. Sprint, in particular, was in both a financial and spectrum bind prior to the SoftBank deal.

Before the SoftBank deal, Sprint had discussions with "… Read more

There could be some trouble in social TV land. Viggle and GetGlue, two competing companion mobile applications for television viewers, announced they have terminated their agreement to merge.

Viggle, a TV loyalty platform that automatically identifies the shows people are watching, said in November that it would acquire TV guide and manual checkin app GetGlue for $25 million and 48.3 million shares. The split is being described as cordial by both sides.

"During the time we started talking to GetGlue about an acquisition and since the merger agreement was signed in November, we have seen impressive growth in … Read more

In what could be the beginning of many lawsuits, Hewlett-Packard is now reportedly being sued by an investor over the brewing Autonomy kerfuffle.

Reuters reported today an investor is suing HP, claiming that the company knew its statements about its Autonomy acquisition were misleading, which led the stock to fall.

The proposed class action lawsuit, Nicolow v. Hewlett-Packard, was filed at the U.S. District Court, Northern District of California in San Francisco.

For reference, there is a lot of unrest surrounding HP after it was revealed that the tech giant lost $8.8 billion over its purchase of Autonomy … Read more