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FCC gives blessing for XM and Sirius Marriage
XM and Sirius are finally getting married! The stipulation of no acquisition put into place in by the FCC in 1997 has now been rescinded by a vote of 3/2.
According to Wikipedia, ( http://en.wikipedia.org/wiki/Interoperable_Technologies )
XM and Sirius have developed the "dual-mode" next generation receiver.
I think the new service should be called Siriusly XM XM and Sirius are finally getting married! The stipulation of no acquisition put into place in by the FCC in 1997 has now been rescin... more -
Helio Flames Out!
Helio "Don't Call me a Phone Company" Mobile was acquired from Korea's SK Telecom today by Sir Richard Branson's (of the UK of those not in the know) Virgin Mobile USA for a down right cold $39 Million - a meer $230 per subscriber.
[Via Engadget]
Q&A from Helio's Website:
HELIO and Virgin Mobile USA are teaming up to combine our strengths and deliver a better mobile experience. On June 27th Virgin Mobile USA announced that it had signed an agreement to acquire HELIO.
HELIO gains access to Virgin Mobile USA’s extensive distribution network and broad customer base, while Virgin Mobile USA gains access to HELIO’s exclusive, high-end devices and premium services. Both companies look forward to coming together to bring exciting prepaid and postpaid opportunities to their customers.
Q: What does this mean for current HELIO members? Can I still use my HELIO device, while keeping my HELIO service plan and number?
A: Current service plans will continue without interruption – it will be business as usual. HELIO members are at the center of this transaction and we’ll continue to bring them the innovative mobile services they’ve come to expect.
Q: Can new members still sign up for HELIO service?
A: Absolutely. HELIO will continue to offer exclusive, high-end devices and our innovative All-In plans.
Q: Will the HELIO brand be retained, or will everything migrate to Virgin Mobile USA?
A: Over time, we expect that all aspects of the customer experience will be integrated under the Virgin Mobile USA brand. Integration of the direct sales channel will begin immediately, and we expect that existing HELIO products and services will soon be offered through the Virgin Mobile USA website at www.virginmobileusa.com.
Q: So what’s next?
A: We’re excited by the possibilities our new, combined team offers. We have some big ideas, but as you can imagine, a little bit of housekeeping is in order before we share them. Stay tuned!
Q: Does this affect my current contract with HELIO in any way? When Virgin Mobile USA does acquire HELIO, can I end my current contract without paying an early termination fee (ETF)?
A: HELIO contracts remain in effect and unchanged by this transaction. HELIO members who wish to end their contract early will still be subject to an early termination fee (ETF). Helio "Don't Call me a Phone Company" Mobile was acquired from Korea's SK Telecom today by Sir Richard Branson... more -
Wrigley sold (the company NOT the Ballpark)
Candy maker Mars Inc. says it's buying Wm. Wrigley Jr. Co., makers of Extra, Eclipse and Orbit gum, for a deal valued at almost $23 billion.
Wrigley Field in Chicago shares the same name as the confectioner, but is owned by the Tribune Company. However, Tribune chairman Sam Zell has been attempting to sell the ballpark since the beginning of the year, which could result in a name change for the Cubs legendary home field. Candy maker Mars Inc. says it's buying Wm. Wrigley Jr. Co., makers of Extra, Eclipse and Orbit gum, for a deal valued at almost $... more -
Delta OKs deal to take over Northwest
Delta Airlines has reached an agreement with Northwest Airlines to merge and create the world's biggest carrier. The combined airline will have an enterprise worth $17.7 billion. The airline will be based in Atlanta and Delta CEO Richard Anderson will head the combined company.
At least they aren't shutting down and canceling a bajillion flights! Delta Airlines has reached an agreement with Northwest Airlines to merge and create the world's biggest carrier. The combined ai... more -
Delta/Northwest merger could mean higher fares
Rumors that the two airlines may merge have been circulating for weeks, and reports show they may now be close to a deal. The merge would create the largest US air carrier and should result in fewer delays (yay! Not sure how or why...but yay nevertheless!), and potentially higher fares, particularly for small to mid-size markets (boo!!!). Fortunately, Southwest and Jet Blue also service several of the smaller markets, and may therefore be able to keep prices from rising too high. Rumors that the two airlines may merge have been circulating for weeks, and reports show they may now be close to a deal. The merge w... more
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Microsoft offers $44.6 Billion to buyout Yahoo
The computing giant is pursuing a hostile acquisition at $31 a share. The deal would be among the largest corporate takeovers in history. The computing giant is pursuing a hostile acquisition at $31 a share. The deal would be among the largest corporate takeovers in hist... more
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Big Beer Merger
Coors and Miller are merging their U.S. and Puerto Rico operations (they make beer in Puerto Rico?) in a deal that's expected to save them $500 million of cost savings 3 years after completion of the merge. Execs are saying there will be no closures of breweries, and that in fact, expansions might be made possible by the move (perhaps one way they'll save money is by putting the same stuff in the bottles of the different beers! No harm, no foul, since they all already taste the same!). The new company will be called MillerCoors...and still won't be as big or as rich as Bud. Talk about an industry leader! Coors and Miller are merging their U.S. and Puerto Rico operations (they make beer in Puerto Rico?) in a deal that's expected to ... more
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