DirecTV, Dish reportedly close to reaching a merger agreement — which could bring in more than 20M subscribers
DirecTV and Dish are in advanced talks for a merger that could create the largest pay-TV provider in the U.S. with more than 20 million subscribers, according to multiple reports. The deal could be announced as early as Monday, The Wall Street Journal reported. reported Thursday evening. This will also include Dish's streaming TV brand, […]
FTC Chair Lina Khan defends merger and acquisition crackdown
Federal Trade Commission Chairwoman Lina Khan In an interview aired on Sunday, the minister defended the agency's role in policing mergers and acquisitions, saying companies were causing inflation. Khan was interviewed by Lesley Stahl on CBS News' “60 Minutes” at a town hall hosted by Khan and Rep. Alexandria Ocasio-Cortez (D-NY). The FTC chairman said, […]
FTC Vs. Kroger-Albertsons Merger Case Heading To Trial
The Albertsons logo is displayed at an Albertsons supermarket in Los Angeles, California on August 26, 2024. (Photo by Mario Tama/Getty Images) OAN Staff Avril ElfiMonday, August 26, 2024 5:19 p.m. A trial has begun at the Federal Trade Commission (FTC) as the agency continues its efforts to block the merger between Kroger and Albertsons, […]
FTC’s bid to block Albertsons-Kroger merger heads to trial
EJ Antoni, public finance economist at the Heritage Foundation, discusses the possible merger between Kroger and Albertsons and the impact of the ruling on the U.S. economy. of Federal Trade Commission (FTC) A federal district court on Monday launched a lawsuit to block the $25 billion merger of Kroger and Albertsons, arguing that the deal […]
Kroger-Albertsons $25B merger hurts shoppers, FTC says as trial kicks off
The Federal Trade Commission began a trial Monday to block the $25 billion merger of Kroger and Albertsons, telling a federal judge in Portland, Oregon, that the deal would eliminate competition between major grocery store chains and hit consumers’ wallets. The FTC and several states filed suit in February to block the deal, arguing the […]
Alaska Airlines and Hawaiian Airlines merger clears regulatory hurdle, will now be reviewed by Department of Transportation
A flight attendant attempts to clean up a flooded bathroom that let water into the cabin on an Alaska Airlines flight from Hawaii to Alaska (Photo by Dustin Parker/Facebook) Alaska Airlines and Hawaiian Airlines are one step closer to merging, according to statements released Monday. In a statement on its website, Alaska Airlines said the […]
Edgar Bronfman Jr to make Paramount bid days before Skydance merger
Alcohol-industry heir Edgar Bronfman Jr. is reportedly preparing to buy Paramount Global, less than a week before its $8 billion merger with Skydance Media becomes official. Bronfman, an entertainment mogul and son of the late Seagram CEO Edgar Bronfman Sr., is in talks with potential investors to back a takeover bid for National Amusements, the […]
Paramount TV Studios to shut down as Shari Redstone-led media giant begins slashing 2K jobs ahead of likely Skydance merger
Paramount Television Studios will be closed as part of a broader cost-cutting effort ahead of parent company Paramount Global’s merger with Skydance Media, company executives said. The entertainment giant’s three co-chief executives announced the closure of the studio, known for producing shows such as “The Offer,” “Reacher” and “13 Reasons Why,” and began major layoffs […]
Albertsons and Kroger agree to pause merger amid legal, regulatory challenges
The FTC’s competition chief speaks on “The Claman Countdown” about the lawsuit to block the Kroger-Albertsons merger. Kroger and Albertsons The two companies agreed on Thursday to temporarily halt their proposed $25 billion merger while regulators take legal action to block the deal. The two companies Merger Pending The lawsuit filed by Colorado is proceeding. […]
Mario Gabelli’s next move could be a lawsuit as he probes Paramount’s Skydance merger: sources
Will he or won’t he? That’s the question media insiders are now asking Paramount shareholder Mario Gabelli. Specifically, the question is whether the mercurial billionaire will file a shareholder lawsuit to block the Skydance Redbird acquisition team’s buyout of the high-profile owners of Paramount Studios and CBS and extract a better deal for himself and […]