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mergers

Epic antitrust fight looms for AT&T’s $85B Time Warner deal

The Justice Department is suing AT&T to stop its $85 billion purchase of Time Warner, setting the stage for an epic legal battle with the telecom giant. It could also create a new headache for President Donald Trump, whose public statements have raised suspicions that he might have interfered with the department’s decision, potentially undermining its legal case. DOJ’s antitrust chief, Makan Delrahim, has said the president did not tell him what to do. White House spokeswoman Sarah Huckabee Sanders said Monday she wasn’t aware of any specific action related to the case taken by the White House. In...

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FCC fallout: More media consolidation, likely legal challenge

More media consolidation may be coming thanks to President Trump’s Federal Communications Commission. Capitol Broadcasting, the parent company of WRAL TechWire, had spoken out against the decision. The Republican-led FCC voted along party lines 3-2 Thursday to do away with longstanding restrictions on media ownership, potentially giving individuals and companies greater dominance over local media markets. The commission voted to eliminate a rule first adopted in 1975, which prevented entities from owning a radio or TV station and a newspaper in the same market. The FCC also loosened restrictions to make it easier for a company to own multiple...

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Zift Solutions expands global reach with acquisition

Channel management firm Zift Solutions, which merged with Relayware in August, is growing even larger by acquiring Elastic Grid, a provider of cloud-based channel marketing and creative services. Elastic Grid operates offices in Australia, two in the U.S. and another in Romania. “We feel strongly that Elastic Grid’s world-class team, channel know-how, and 20 years of creative agency expertise put Zift into a category of its own — unmatched in our ability to drive true channel success,” a company spokesperson says. The deal was announced Thursday. Financial terms were not disclosed. “With this acquisition, Zift furthers its commitment to...

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