News on the Hingham Apple Store tragedy, stirring the Apple/Disney M&A stew, and the noise around various voice assistants – we’re wrapping a holiday shortened week with TMO Managing Editor Jeff Butts. Happy Thanksgiving, one and all.
ViacomCBS is the name of a merged corporation between CBS and Viacom. It will create a joint media library including over 140,000 TV episodes and 3,600 movies.
In their announcement, the companies note that the merger creates a joint content library that includes more than 140,000 TV episodes and 3,600 films, and “reunites fan-favorite franchises such as Star Trek and Mission: Impossible” (which were previously split between Paramount on the film side and CBS on the TV side). They also say that this will allow them to “accelerate” their direct-to-consumer strategy, which includes offerings like CBS All Access, Showtime and Pluto TV. The deal is expected to close by the end of 2019.
The U.S. Department of Justice has approved the T-Mobile-Sprint merger, but a lawsuit from 13 state attorneys is currently pending.
The merger can’t be finalized however until a lawsuit from 13 state attorneys general and the District of Columbia is concluded. A trial date is set for Oct. 7, though that date could be pushed as late as Dec. 9.
It’s also possible that the case could be settled out of court, since it revolves around a lack of competition in the national wireless space. With Dish being propped up as a replacement for Sprint, there may not be reason to continue.
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Finisar, an Apple Face ID supplier that makes laser scanners, has been acquired by optical system producer II-VI, Inc. worth US$3.2 billion.
T-Mobile and Sprint agreed to a US$26.5 billion merger deal with plans to make the first truly nation-wide 5G cellular network.
AT&T is about to get a lot bigger because the communication company struck a deal to buy Time Warner for about US$85.4 billion. The two companies hope to close the deal by the end of 2017, but are already facing scrutiny over the impact a combined AT&T and Time Warner.
Apple’s US$1 billion investment in Didi Chuxing just became more interesting because the ride sharing company is buying rival Uber’s China business in a deal valued at $35 billion. Didi is also investing in Uber outside of China, and that means Apple’s interest in the ride sharing market may get a lot bigger.