AT&T Exploring Overseas Acquisitions
AT&T, looking for ways to expand its business, may purchase a wireless network operator abroad. Citing people familiar with AT&T's plans, the Wall Street Journal reports that AT&T is targeting carriers in Western European markets, such as the U.K., the Netherlands, or Germany. AT&T's business has grown about as large as it can in the U.S., especially after U.S. regulators shot down its proposed acquisition of T-Mobile USA. The Journal's sources suggest that if an acquisition occurs, it is likely to happen before the end of the year. AT&T did not confirm the Journal's report.
FCC and Justice Dept. Likely to Approve AT&T-DirecTV Deal
The FCC and Department of Justice are wrapping up their review of AT&T's proposed $49 billion acquisition of DirecTV and don't have any real concerns, according to people familiar with the matter. The agencies may still impose conditions on the deal, but aren't likely to block it, says the Wall Street Journal.
T-Mobile and Dish Discussing Possible Merger
T-Mobile and Dish Networks are negotiating a potential merger between the two companies, reports the Wall Street Journal. The companies have agreed to some of the broad strokes of combining, but not the details.
Audi, BMW, Daimler to Buy Nokia's HERE Maps
A consortium of three German automotive makers has agreed to purchase HERE Maps from Nokia for about $2.71 billion, according to the Wall Street Journal. Sources familiar with Nokia's plans say Audi, BMW, and Daimler (Mercedes) have fielded a winning bid for the mapping division, which Nokia put up for sale earlier this year.
Yahoo Expected to Announce Restructuring
Yahoo will unveil a plan to cut costs on Tuesday, reports the Wall Street Journal, which will include closing select business units and further trimming its workforce. Yahoo CEO Marissa Meyer and CFO Ken Goldman will discuss the plans after announcing the company's fourth quarter results.
How about overborder acquisitions?
PLEASE AT&T. PLEASE. With the new laws, you CAN have foreign ownership! It would be a small % in the first year, but you can increase your investment year-by-year to own a larger % of the company! FORGET overseas! Canada needs a decent cell company!