Word: merger
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Dates: during 1990-1999
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...that cable firms will have to merge or form joint ventures with the Bells, or with a giant like AT&T, to survive in the interactive era. Cable leaders who have tried this include John Malone, chairman of Tele-Communications Inc., the No. 1 U.S. cable company, whose proposed merger with Bell Atlantic fizzled last February...
...Merger mania continued in the telecommunications industry. Long-distance phone company LDDS Communications proffered $2.5 billion in cash for WilTel, the long-distance unit of Williams Cos. The deal bolsters LDDS's ambitions to challenge AT&T, MCI and Sprint. Meanwhile, AT&T received federal court approval for a $12.6 billion plan to buy McCaw Cellular Communications, the country's largest wireless-phone company...
Merging is one thing; making the deal a success is quite another. Some combinations, like last year's proposed merger of Bell Atlantic and TCI, never make it to the altar. Says Margaret Blair, a Brookings Institution economist: "The difference between the winners and losers is one heck of a lot of luck." And that's often true even if the people involved in megamergers use lofty concepts like "synergy" and "vision" to justify their moves...
...MERGER INDUSTRIES...
...board of cable network QVC this week officially accepted the sweetened $46-a-share buyout offer from Comcast and Liberty Media that sabotaged last month's heralded merger with...