Google has struck partnerships with some of the country’s largest hospital systems and most-renowned health-care providers, many of them vast in scope and few of their details previously reported. In just a few years, the company has achieved the ability to view or analyze tens of millions of patient health records in at least three-quarters of US states. In certain instances, the deals allow Google to access personally identifiable health information without the knowledge of patients or doctors.
The boards of Sprint and T-Mobile US struck a $26 billion merger that, if allowed by antitrust enforcers, would leave the US wireless market dominated by three national players. Under the terms of the deal, T-Mobile will exchange 9.75 Sprint shares for each T-Mobile share. T-Mobile parent Deutsche Telekom will own 42% of the combined company and Sprint parent SoftBank Group will own 27%. The remaining 31% will be held by the public. Deutsche Telekom would also control voting rights over 69% of the new company and appoint nine of its 14 directors.
Corporate deals hit a near-record $200 billion this month as CEOs battle Amazon, Facebook, Google and others
Investment bankers have gotten used to being asked by worried retail-industry chief executives to pitch takeover ideas aimed at fending off Amazon. Now the fear has spread to media, health care and many other sectors, where CEOs dread the breathtaking competitive advancements made by not just Amazon but also Facebook, Google and Netflix. The result is an explosion of mergers and acquisitions. So far in Nov 2017, about $200 billion of deals have been announced in the US, according to Dealogic.
During months of merger talks with T-Mobole, Sprint Chairman Masayoshi Son sought a way to merge the two wireless rivals without really having to hand over the keys. There was discussion over inserting a provision to buy the combined company back after two years. The companies explored giving the Japanese billionaire the right to increase his stake over time. He was offered the role of co-chairman.
Apple, locked in an intensifying legal fight with Qualcomm, is is designing iPhones and iPads for next year that would jettison the chipmaker’s components. Apple is considering building the devices only with modem chips from Intel and possibly MediaTek because Qualcomm has withheld software critical to testing its chips in iPhone and iPad prototypes.
Apparently, Comcast and Charter will announce a wireless partnership, agreeing not to make a material merger or acquisition in wireless without the other’s consent for one year.
That agreement could stoke Wall Street speculation among investors and analysts that the two largest U.S. cable companies together could decide to make a play for a carrier like T-Mobile US or Sprint. Neither company as a single entity could buy another wireless carrier for that time period as a result of that agreement without the other’s blessing or involvement.
Apparently, Verizon Communications is exploring a combination with Charter Communications that would unite two giants in search of growth in a rapidly consolidating media and telecom landscape, according to people familiar with the matter. Verizon CEO Lowell McAdam has made a preliminary approach to officials close to Charter, which has a market value of more than $80 billion. Verizon is working with advisers to study a potential transaction, the people said. There’s no guarantee a deal will materialize.
It is unclear whether Charter executives, including Chief Executive Tom Rutledge, would be open to a transaction. The effort could be complicated by Charter’s ownership structure, which includes cable tycoon John Malone and the Newhouse family. A combination would bring together Verizon’s more than 114 million wireless subscribers and what remains of its landline business with Charter’s cable network, which provides television to 17 million customers and broadband connections to 21 million. Verizon has a market capitalization of $194 billion and more than $100 billion in debt.
Apparently, Sprint is ending its pursuit of T-Mobile US. Sprint and its parent, SoftBank, decided it would be too difficult to win approval from regulators.
Sprint is also expected to replace its chief executive, Dan Hesse.
Sprint's decision didn't have anything to do with the surprise bid for T-Mobile by France's Iliad. Rather, the US regulatory hurdles were the key.
French upstart telecommunications company Iliad has made an offer for T-Mobile US in a bold bid to counter by Sprint for the fourth-largest wireless carrier in the US. Iliad announced that it offered $15 billion in cash for 56.6% of T-Mobile US at $33 a share.
Iliad said its offer for T-Mobile US, which is majority-owned by Deutsche Telekom AG, "should not raise any antitrust issue in light of the competition rules given that Iliad is not present in the United States."