merger
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'Borderlands' developer Gearbox is merging with publishing giant Embracer
Embracer (aka THQ Nordic) is merging with 'Borderlands' creator Gearbox and buying the game port experts at Aspyr.
Dish buys prepaid carrier Boost Mobile for $1.4 billion
Dish enters the retail wireless market with the $1.4 billion acquisition of Boost Mobile.
T-Mobile asks California to soften 5G, job conditions for Sprint merger (updated)
T-Mobile has asked California to soften the conditions for its Sprint merger, including 5G and jobs.
T-Mobile reportedly plans to lay off hundreds of former Sprint employees
According to the recording of a leaked call, T-Mobile plans to lay off a portion of the workers that came to it through its merger with Sprint.
Grubhub sells itself to Just Eat to create a food delivery giant
Just Eat has bought Grubhub to create a food delivery behemoth that better competes with rivals.
Virgin Media and O2 announce £31 billion UK merger
The £31 billion puts BT, Sky and Vodafone on notice -- if it's approved.
Virgin and O2 might merge to create a UK telecom giant
Virgin Media and O2 might unite in the UK, creating a mobile, cable and internet behemoth.
John Legere leaves T-Mobile's board of directors a few weeks early
Instead of waiting until T-Mobile's board meeting in June, John Legere is stepping down from his post now, just weeks after completing the company's merger with Sprint and handing over the role of CEO.
T-Mobile completes Sprint merger
Right on cue, T-Mobile has completed its merger with Sprint. As of today, the two carriers are one -- they'll do business simply as T-Mobile. They're also clearly confident in the transition, as CEO John Legere is stepping down early rather than waiting until the end of April as his contract dictated. COO Mike Sievert is taking Legere's place, effective immediately.
California ends opposition to T-Mobile and Sprint merger
New York isn't the only big state dropping its fight against T-Mobile's merger with Sprint. California Attorney General Xavier Becerra has dropped the state's challenge against the merger after reaching a settlement that theoretically addresses objections to the carrier buyout. The expanded T-Mobile will have to guarantee affordable plans in California for a minimum of five years, including a plan with 2GB of data for $25 per month. The network will also have to hold to plans from February 2019 for five years (two year longer than the FCC asked for) and give 10 million low-income households access to 100GB of free broadband per year, including a free mobile hotspot.
T-Mobile, Sprint merger could close by April 1st
With most of the regulatory and legal hurdles out of the way -- approval from the California Public Utilities Commission is still needed -- T-Mobile and Sprint announced an amended version of their agreement to merge. CNBC explains that the updated deal will give Deutsche Telekom a slightly higher stake in the combined company ("New T-Mobile"), without requiring a new shareholder vote that would delay a deal that has already been pending for almost two years. Deutsche Telekom will own 43 percent of the new company, while Sprint investor Softbank will have 24 percent, and the remaining 33 percent owned by public shareholders. T-Mobile apparently thinks this could all be wrapped up by April 1st, the last month before John Legere steps aside for incoming CEO Mike Sievert.
New York AG won't keep fighting T-Mobile merger with Sprint
Now that a federal judge has removed one of the few remaining obstacles to T-Mobile's merger with Sprint, resistance to the move appears to be fading. New York Attorney General Letitia James has signalled that the state won't appeal the ruling declaring the carrier merger lawful. Instead, New York will make the best of the merger if (and more likely when) it's finalized, including efforts to get the "best pricing and service possible," boost coverage and create jobs like those T-Mobile as promised for Rochester.
Recommended Reading: The CIA-owned company that helped it spy on the world
The intelligence coup of the century Greg Miller, The Washington Post This in-depth report tells the story of Crypto AG, a Switzerland-based company that achieved success for its code-making machines during World War II. The company eventually became a popular manufacturer of encryption machines for countries around the world in the decades that followed. Governments trusted that communications between diplomats, military and spies were being kept secret. What those nations didn't know was that Crypto AG as actually owned by the CIA -- originally in partnership with West German intelligence. What's more, the access allowed the two countries to to rig the tech so they could easily crack any code.
T-Mobile and Sprint merger approved by federal judge
T-Mobile and Sprint's $26.5 billion merger is almost complete. Following months of delays and push back from high-profile authorities, a US district judge has ruled in the companies' favor, allowing them to move within one step of concluding a deal that promises to deploy 5G service to 97 percent of Americans within three years.
Sprint is shutting down Virgin Mobile ahead of planned T-Mobile merger
Sprint is getting ready for its planned T-Mobile merger by axing one of its prepaid brands. The telecom is shutting down Virgin Mobile service and will transfer all customers to Boost Mobile starting the week of February 2nd. You'll keep your phone and number in "most instances," and will move to a "comparable or better" plan at no additional charge. Your mobile broadband device won't carry over, though, and you'll have to change your payment options if you rely on either PayPal or 45/90-day top-ups.
TiVo announces plans to merge with entertainment tech firm Xperi
TiVo is scrapping plans to split its product and licensing divisions. Instead, it's merging with the entertainment tech firm Xperi. The new, $3 billion company will take on the Xperi name, but it will continue to sell TiVo-branded products.
T-Mobile's 5G network goes live ahead of schedule
Last month, T-Mobile promised its 5G network would go live in 5,000 cities and towns on December 6th -- if its merger with Sprint went through. That deal is not yet final, but today, a few days ahead of schedule, T-Mobile says it's launching its nationwide 5G network. The catch is that, for now, T-Mobile is offering 600 MHz "low-band" 5G.
Texas backs out of the lawsuit to stop the T-Mobile and Sprint merger
Texas no longer stands in the way of the T-Mobile and Sprint merger. The state has reached a settlement with T-Mobile, Texas Attorney General Ken Paxton announced today. In exchange for T-Mobile's commitment to build a 5G network throughout Texas, Paxton will drop the lawsuit he filed in August in an attempt to block the $26.5 billion deal.
John Legere is stepping down as T-Mobile CEO next April
The sun is about to set on the John Legere era at T-Mobile. On Monday, the carrier, the third-largest in the US, announced that current president and COO Mike Sievert will take over as CEO on May 1st, 2020. The announcement comes after the FCC approved the T-Mobile and Sprint merger earlier this month -- though it's not a done deal yet with a group of state attorneys general still opposing the merger.
CNBC: T-Mobile CEO John Legere won't be the next WeWork CEO
Earlier this week T-Mobile CEO John Legere's name popped up as a possibility to take over the top spot at WeWork after its failed IPO and ouster of co-founder Adam Neumann. However, subsequent rumors clarified that he was just one of the potential replacements, while today CNBC reports that Legere isn't taking the job and has "no plans" to leave T-Mobile. The report also cites people with knowledge of the matter as saying he was not the top candidate for the job, which would have presented a tricky transition as Softbank is both the majority owner of WeWork, and Sprint, which his company is still in the process of merging with.
