Comcast is reportedly backing out of its planned acquisition of Time Warner Cable. What's more, Comcast will not have to pay a breakup fee... unlike AT&T after its failed merger with T-Mobile US. Time Warner Cable CEO Rob Marcus will forgo $80 million due to the failure of the acquisition.
(Score: 0) by Anonymous Coward on Friday April 24 2015, @09:30AM
I, for one, welcome the new future merger... the one that will be held in back rooms and not discussed in public until after the fact...
(Score: 3, Informative) by Daiv on Friday April 24 2015, @11:42AM
Not so easy to do with publicly traded companies. Possible, but the outrage by the 1%ers who hold the majority of the stocks would likely not be worth it for those involved.
(Score: 3, Informative) by MrGuy on Friday April 24 2015, @01:59PM
There are many reasons to be distrustful of large corporations, and many shady moves to be on the lookout for.
This is not one of them.
There's no such thing as a "stealth" merger of public companies. Even a non-merger "coordination" of activities (for example, agreeing to coordinate their negotiating positions to content providers) would run afoul of anti-trust laws (and trust me - the content providers would be quick to complain if they suspected this).