Normally wouldn't post a thread for this but A) it's a LOT of money, 2) there are a lot of very big names involved, the fallout of this will probably be a developing story for months.
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MaddocI'm Bobbin Threadbare, are you my mother?Registered Userregular
edited October 2016
And we move closer to all entertainment being owned by a single mega corp
I'm curious how this will play out. For two main reasons
1- apparently this doesn't include Time Warner Cable, the ISP, which is actually owned by Charter/Spectrum now? So they may be able to avoid monopoly issues wrt service providers
2- Comcast bought NBC Universal already, and that went through, so I'm not sure how much different this is from that?
Either way, will be very interesting to see how this plays out. I read an article on NYT that reported Trump when asked said he would block it, saying it was too much power concentrated into the hands of too few (I'm sure that was said without a shred of irony or self-awareness)
I'm curious how this will play out. For two main reasons
1- apparently this doesn't include Time Warner Cable, the ISP, which is actually owned by Charter/Spectrum now? So they may be able to avoid monopoly issues wrt service providers
2- Comcast bought NBC Universal already, and that went through, so I'm not sure how much different this is from that?
Either way, will be very interesting to see how this plays out. I read an article on NYT that reported Trump when asked said he would block it, saying it was too much power concentrated into the hands of too few (I'm sure that was said without a shred of irony or self-awareness)
Time Warner bought Spectrum, classified the ISP under their name and split off the ISP services last month.
So almost certainly in regards to this deal.
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BroloBroseidonLord of the BroceanRegistered Userregular
look, it's easier for corporations to serve the public interest, if they unite and strengthen via a merge:
Wasn't Comcast trying to buy Time Warner last year, and it actually got blocked?
I don't see how that doesn't go through and this does
They were trying to buy Time Warner Cable specifically, and it was blocked because it would have only extended their regional monopolies and given them too much influence on programming.
This is different, but it should be blocked because it's just too much consolidation of power.
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PiptheFairFrequently not in boats.Registered Userregular
The key thing in that article I linked is that AT&T is sitting on 10 bil in debt due in a year and over 100 long term BEFORE this deal, which would then cost them 85 billion cash and stocks + add Time Warner's 22 bil in debt to its own load.
The key thing in that article I linked is that AT&T is sitting on 10 bil in debt due in a year and over 100 long term BEFORE this deal, which would then cost them 85 billion cash and stocks + add Time Warner's 22 bil in debt to its own load.
Okay so every single aspect of this deal is insane, then
It's 85 billion dollars worth of bullshit, plus 30ish billion dollars of debt.
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ZoelI suppose... I'd put it onRegistered Userregular
what would anderson cooper do
(Get a job at Newshour like most people before him)
A magician gives you a ring that, when worn, will let you see the world as it truly is.
However, the ring will never leave your finger, and you will be unable to ever describe to another living person what you see.
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JedocIn the scupperswith the staggers and jagsRegistered Userregular
It's only a matter of time before Disney decides to buy everything.
It's only a matter of time until we're all citizens of Disneyland, the Disney Dollar replacing USD
Down with Disneyland!
Up with Disney World!
No one cares about Euro Disney!
Tokyo Disney is probably okay, I guess!
Fuck you, Disneyland is clearly superior.
Also, there's no way this merger is legal, right? Like there have been way less crazy mergers blocked under antitrust laws. AT&T owning Time-Warner is just an absurd monopoly on the face of it. Right, folks?
Let it go through and then slam the new company with every monopoly law and shatter it and scatter the pieces to the four winds
I don't know anything about anti trust law
Current implementation of anti trust law is basically some hearings and a rubber stamp.
Where is Teddy Roosevelt when you need him?
absolutely not true at all
Saying it's a rubber stamp is a little blasé, but we are a lot more friendly towards integration and large corporations than at earlier points in history. I mean, how long has too big to fail continued without real action ?
and I wonder about my neighbors even though I don't have them
but they're listening to every word I say
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I don't know anything about anti trust law
http://www.audioentropy.com/
They did this with Bell Telephone, but over the years the companies created from that ruling merged. Who did they merge into?
AT&T.
1- apparently this doesn't include Time Warner Cable, the ISP, which is actually owned by Charter/Spectrum now? So they may be able to avoid monopoly issues wrt service providers
2- Comcast bought NBC Universal already, and that went through, so I'm not sure how much different this is from that?
Either way, will be very interesting to see how this plays out. I read an article on NYT that reported Trump when asked said he would block it, saying it was too much power concentrated into the hands of too few (I'm sure that was said without a shred of irony or self-awareness)
Yup, and recently AT&T announced they were de-emphasizing their U-Verse tv service in favor of DirectTV
bought them last year for about half what they paid for this deal
e: random fact from this article: Verizon bought Huffinton Post
also from this article: we almost got a timeline where FOX owned WB
Time Warner bought Spectrum, classified the ISP under their name and split off the ISP services last month.
So almost certainly in regards to this deal.
Rock Band DLC | GW:OttW - arrcd | WLD - Thortar
This is an astronomically bad idea to let this go through.
Current implementation of anti trust law is basically some hearings and a rubber stamp.
Where is Teddy Roosevelt when you need him?
but they're listening to every word I say
He's too busy resisting religious conversion in my Civ 6 game
http://www.audioentropy.com/
Get a shovel and a Necromancer
I don't see how that doesn't go through and this does
They were trying to buy Time Warner Cable specifically, and it was blocked because it would have only extended their regional monopolies and given them too much influence on programming.
This is different, but it should be blocked because it's just too much consolidation of power.
absolutely not true at all
It's only a matter of time until we're all citizens of Disneyland, the Disney Dollar replacing USD
Okay so every single aspect of this deal is insane, then
Got it
PSN ID : DetectiveOlivaw | TWITTER | STEAM ID | NEVER FORGET
Up with Disney World!
No one cares about Euro Disney!
Tokyo Disney is probably okay, I guess!
It's 85 billion dollars worth of bullshit, plus 30ish billion dollars of debt.
(Get a job at Newshour like most people before him)
However, the ring will never leave your finger, and you will be unable to ever describe to another living person what you see.
Fuck you, Disneyland is clearly superior.
Also, there's no way this merger is legal, right? Like there have been way less crazy mergers blocked under antitrust laws. AT&T owning Time-Warner is just an absurd monopoly on the face of it. Right, folks?
Right?
Saying it's a rubber stamp is a little blasé, but we are a lot more friendly towards integration and large corporations than at earlier points in history. I mean, how long has too big to fail continued without real action ?
but they're listening to every word I say