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The Latest Breaking News from Mergers

True, DTAC hit back at allegations by AIS

True Corporation and Total Access Communication (DTAC) have hit back and denied allegations of disrespecting the regulators' authority levelled by the head of their main rival, Advanced Info Service (AIS).

Bangkok Post

Are Further Airline Mergers At The Gate?

Recent multi-billion dollar mergers and upbeat earnings reports in the airline industry have revived optimism in the sector and on airline stocks as investors turn bullish on the sector’s potential after being paralyzed by the COVID-19 pandemic in the past two years.

Benzinga

AIS presses NBTC on mega merger

The chief of Advanced Info Service (AIS) is pushing the National Broadcasting and Telecommunications Commission (NBTC) to decide whether to approve or decline the True-DTAC mega merger, noting that the agency has the legal authority to do so.

Bangkok Post

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Elizabeth Warren Wants To Stop Airline Mergers, Despite Evidence That They Lower Airfares

The senator urged the Department of Transportation on Monday to regulate airline consolidation and levy heavy fines for canceled flights.

Reason

Catholic hospitals' growth impacts reproductive health care

Across the U.S., numerous Republican-governed states are pushing for sweeping bans on abortion

The Independent UK

Biden’s FTC has blocked 4 hospital mergers and is poised to thwart more consolidation attempts

Fresh off the Federal Trade Commission’s successful challenges to four hospital mergers, the Biden administration’s new majority on the commission is primed to more aggressively combat consolidation in the health care industry than it has in past years.

Tribune News Service

How the Webb Telescope will unveil the mysteries of cosmic star-making factories

Scientists know galaxy mergers play a big role in forming today’s universe. They just don’t know how they work.

Inverse

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Who are the winners of the mega mergers?

A counter merger by the country's largest mobile operator by subscriber base Advanced Info Service (AIS), which follows another closely watched consolidation of the two telecom giants True Corporation and Total Access Communication (DTAC), reflects the fast-changing landscape of Thailand's telecom sector.

Bangkok Post

Sam Bankman-Fried's FTX Isn't Taking Bad Debt: Walks Away From Celsius Acquisition

FTX CEO Sam Bankman-Fried is taking a bullish stance amid the “great depression” of cryptocurrency. Instead of joining the list of peers hedging losses by slashing workforces by upwards of 20%, FTX is on a mergers and acquisitions tear, acquiring three firms this year alone.

Benzinga

The anti-defection law — political facts, legal fiction

The crisis in Maharashtra and even earlier instances are grim reminders of what the Tenth Schedule can and cannot do

The Hindu

Sonoco Picks Internal Candidate Rob Dillard As Finance Chief

Sonoco Products Co (NYSE:SON) has appointed Rob Dillard as its Chief Financial Officer, effective July 1, 2022. Dillard most recently served as the company's Chief Strategy Officer. He will be responsible for Sonoco's global finance functions. He succeeds Julie Albrecht, who previously announced plans to depart Sonoco on June 30, 2022. Related: Sonoco Products…

Benzinga

FTC's new stance: Litigate, don't negotiate

Agency head Lina Khan says she'll sue to stop anticompetitive mergers rather than negotiate settlements.

Axios

The SPAC market's miscalculation

Those supposed advantages over IPOs haven't panned out.

Axios

Twitter Refuses To Let Go Board Member Egon Durban - Read Why

Twitter, Inc (NYSE:TWTR) refused to remove Silver Lake co-CEO Egon Durban from its board after failing to win the support of the necessary majority of Twitter investors. The board considered Durban a highly influential member bringing an unparalleled operational knowledge of the industry, a unique perspective, and an invaluable skill set and experience…

Benzinga

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Investors Business Daily

Video Game Stocks Hit Reset Button With Industry Consolidation

For investors this year, it’s been game over for video game stocks, except those involved in mergers and acquisitions.

Benzinga

DigitalBridge Nears Deal For This Data-Center Operator

DigitalBridge Group, Inc (NYSE:DBRG) is nearing a deal for data-center operator Switch, Inc (NYSE:SWCH), Bloomberg reports. DigitalBridge, led by CEO Marc Ganzi, outbid Brookfield Asset Management Inc (NYSE:BAM) (TSX:BAM) for Las Vegas-based Switch. The market capitalization of Switch, led by founder, Chair, and CEO Rob Roy, is $7.4 billion. Switch reported Q1 results with an adjusted EPS of…

Tribune News Service

Wall Street is betting that Microsoft-Activision deal will fail

Activision Blizzard Inc. shareholders approved the company’s $69 billion sale to Microsoft Corp on Thursday, but Wall Street is betting that Biden antitrust enforcers could unravel one of the largest mergers in U.S. history.

Benzinga

India's Cricket NFT Platform Raises $120M From Dream11 Parent

Indian cricket non-fungible tokens (NFTs) platform Rario raised $120 million in fresh funding led by Dream Capital, the investment and mergers and acquisitions (M&A) arm of sports technology company Dream Sports.

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