Sprint and T-Mobile have officially filed their merger proposal with the FCC to begin the regulatory process. It's possible for them to get blocked, though this is another example of how AT&T's victory has encouraged other mergers.
Well, I guess there's still more to say about AT&T after all. AT&T is now going to be seeking more acquisitions for smaller advertising companies, and with the net neutrality repeal, "AT&T will have plenty of leeway in how it favors Time Warner programming on its TV and broadband services because of federal government decisions not to enforce broadband privacy and net neutrality rules."
Attorneys suggest that the DOJ may have a difficult time appealing Judge Leon's ruling, although he has had a high overturn rate, so there's a lot of precedent for his rulings being appealed. I would say it's a coin toss, but it'll come down to whether or not DOJ acts before their time is up.
Okay, now this is a random merger, but here goes. GameStop is purportedly seeking a buyer, and Sycamore Partners (Who owns Hot Topic) has begun talks. While this is not the usual kind of merger I've wanted to talk about in this thread, I do think it's relevant, especially since retailers have been in decline due to alternatives like Amazon. This is probably going to be another "We need to merge to survive against FAANG", so chances are GameStop may get a buyer here. I don't think there would be too much trouble with Sycamore, though I've only just now learned about them anyway.
Returning to the Disney/Comcast/Fox/Sky bidding war, the terms of the possible sale of Sky News to Disney is now that Disney would be restricted from selling Sky News for 15 years without the consent of the Secretary of State, and must be committed to operating its service for those 15 years, as well as increasing their budget. Matt Hancock will be consulting with all parties over the next 15 days, and requests views by July 4. That would be just under a week before Fox votes on whether or not to move forward with the Disney deal. This is also a reminder that Fox will hold a meeting tomorrow about Comcast's bid, then the question will be whether or not Disney raises their bid for Fox.
As far as concessions are concerned, Comcast is willing to shed Hulu's 30% stake in Fox to reach this deal, and I'm happy with that, as well as the terms regarding Sky News. Along with Disney and Comcast being willing to divest Fox's regional sports networks, it sounds like this deal could be growing smaller and smaller, though still significant. There would still be plenty for them to compete over, but so far I'm more interested it what could be divested. AT&T and Time Warner had both refused to divest any assets, which I suppose they could get away with because it was a vertical merger, but Disney and Comcast both need to be willing to divest parts of Fox because this is a horizontal merger.
Granted, I imagine that both are only willing to divest seem of these particular assets because they only want Fox for the film studio and Sky anyway, so the "crown jewels" of this deal would still be intact.