AT&T's merger with T-Mobile teeters
week in review AT&T earmarks $4 billion for merger breakup fee, while Facebook phone rumors resurface. Also: Pepper-spray cop meme.
week in review In the face of regulatory resistance, AT&T appears to beof its intended $39 billion merger with T-Mobile.
AT&T said this week that it will take a $4 billion accounting charge in the fourth quarter to cover a breakup fee to T-Mobile should the deal fail to gain regulatory approval. AT&T and T-Mobile parent Deutsche Telecom also said they've"to facilitate the consideration of all options at the FCC and to focus [the companies'] continuing efforts on obtaining antitrust clearance for the transaction from the Department of Justice either through the litigation pending before the United States District Court...or alternate means."
The move comes as the chairman of the FCC said he doesn't believe that AT&T's proposed $39 billion deal to acquire T-Mobile USA is in the public interest. And he'san administrative hearing, in which AT&T would have to prove otherwise.
In a briefing with reporters, FCC officials said that their evaluation of the deal found that the merger between AT&T and T-Mobile would create an "unprecedented" level of concentration in the wireless market. Officials went on to say that it was impossible to see how the deal could serve the public interest.
Rumors of a Facebook phone have emerged once again, as AllThingsD reports that the social-networking site is working with HTC to build a Facebook-integrated smartphone.
Microsoft applauded a Senate bill that aimed to delete "rogue Web sites" from the Internet. But it's drawn the line at the broader Stop Online Piracy Act.
There are no quick fixes for Hewlett-Packard. Here's a look at five particularly worrisome areas for the company in 2012.
Activist group releases contact information for officer who sprayed women protesters with pepper spray.
Not long ago people speculated that Netflix's CEO, who is on Microsoft's board, might be on the short list to replace Steve Ballmer some day. Given Netflix's recent meltdown, however, if such a list existed, it's been crumpled up.
The TouchPad fire sale did wonders for Hewlett-Packard's tablet business, according to an NPD study. That boost won't last much longer, though.
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