AT&T might want to consider adjusting its $39 billion offering price for the proposed T-Mobile takeover. While the proposed merger gets dissected under a Justice Department microscope, customers are quickly abandoning the T-Mobile ship. According to a recent company report, 186,000 contract customers left in the third quarter of this year. READ MORE
The U.S. Department of Justice has a lot of questions for tech companies these days. This time, it’s taking a second look at Google’s proposed $12.5 billion takeover of Motorola Mobility, which could delay the purchase. The acquisition would give the company access to valuable Motorola’s patents. And as the patent wars heat up, it’s a delay Google can ill afford. READ MORE
When it comes to the issue of privacy, recent attention has been focused on social networking sites—particularly on Facebook and Google. But consumers often overlook one other potential source of privacy breach: mobile phone records. READ MORE
In the battle between AT&T and the Department of Justice, Verizon is no longer Switzerland. Lowell McAdam, CEO of the nation’s largest wireless provider is weighing in on whether the proposed $39 billion acquisition of T-Mobile USA is a good deal. The Justice Department has sued to block the merger over concerns that the combination of the second largest and fourth largest carriers in the U.S. could hurt competition and leave consumers at a disadvantage when it comes to choice and cost. READ MORE
Well this is embarrassing: In what seems to be another curve ball for the AT&T/T-Mobile deal, a leaked internal memo advises T-Mobile employees to let customers know that they may keep their rate plans in the event of a merger. Sounds good, right? So what’s the catch? READ MORE
If the lawsuit filed by the Justice Department this week kills the proposed merger between AT&T and T-Mobile, some analysts say it could leave T-Mobile in a much worse position than it was before the deal was announced in March, reports The New York Times. READ MORE
Back in May, we called the AT&T’s proposed $39 billion buyout of T-Mobile “the deal regulators love to hate,” and boy were we right about that one: On Wednesday, the Department of Justice filed suit in Washington DC’s federal court, claiming the potential merger violates antitrust law. READ MORE
Google has reached a $500 million settlement to close the books on charges from the federal government that the search giant hosted U.S. advertisements for Canadian pharmacies known to be fraudulent. READ MORE
Yesterday, in a post on Google’s main blog, Google’s SVP and chief legal counsel David Drummond accused Apple and Microsoft of waging an anti-competitive campaign against Android to keep Google from getting access to key patents. READ MORE
Google has been pretty busy of late, launching new projects and snapping up companies right and left. But one of the firm’s proposed acquisitions is getting some extra scrutiny from the Department of Justice. Google’s plan to buy AdMeld, an internet advertising firm, has the DOJ making a second request for information about the $400 million acquisition. Could the deal fall through? READ MORE
