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Results: 1-10 of 33

Sony to pay $1.5 billion for Ericsson joint venture stake

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • Sweden, USA
  • -
  • November 4 2011

After ten years, Sony and Ericsson have bid adieu to their handset joint venture, with Sony’s agreement to buy out the Swedish equipment manufacturer’s stake for $1.5 billion

AT&T cost estimate for lte expansion draws fire from merger critics

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • August 22 2011

Estimated costs for expanding AT&T’s long-term evolution (LTE) network, disclosed by AT&T in an FCC filing last Thursday, have raised eyebrows among opponents of the AT&TT-Mobile USA merger who assert that the projected $3.8 billion price tag refutes AT&T’s claim that its proposed $39 billion takeover of T-Mobile is needed to expand LTE services to 97 of the U.S. population

KDDI, Sumitomo bid $2.7 billion for control of Japanese cable operator

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • Japan, USA
  • -
  • October 26 2012

On Wednesday, Japanese wireless operator KDDI joined forces with Sumitomo on a US$2.7 billion bid for the remaining shares of Jupiter Telecommunications that would give the partners joint control of more than half of Japan’s cable television market

Investor group to acquire majority stake in Skype

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • September 4 2009

Four months after announcing plans to spin-off its Skype Internet phone business, eBay agreed this week to sell a 65 stake in the unit to an investment group led by private equity firm Silver Lake Partners for $2.75 billion in cash and bonds

Time Warner to proceed with AOL spin-off

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • June 5 2009

Officials of Time Warner (TW) confirmed plans late last week to proceed with the "complete legal and structural separation of AOL" in a process that, by year’s end, would leave the one-time online services giant as an independent, publicly traded company

FCC lifts final conditions on News Corp’s DirecTV deal

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • June 19 2009

Citing "a material change in circumstances," the FCC released an order on Monday that lifts remaining conditions on the agency’s approval of News Corp’s acquisition of DirecTV from Hughes Corp

Sprint Nextel to purchase iPCS for $831 million

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • October 23 2009

On Monday, Sprint Nextel closed the book on the last lawsuits pertaining to the 2005 merger of Sprint and Nextel with an agreement to purchase wireless affiliate iPCS, Inc. for $831 million in cash and debt

House lawmaker seeks closure of tax loophole that facilitated Verizon-Fairpoint deal

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • January 15 2010

Arguing that a tax loophole used by Verizon Communications in its 2007 sale of New England landlines to Fairpoint Communications saddled Fairpoint with enough debt to force Fairpoint into bankruptcy, Representative Paul Hodes (D-NH) introduced legislation that would repeal the Reverse Morris Trust provisions used by Verizon and other companies to avoid payment of capital gains taxes that stem from corporate mergers

CenturyLink to merge with Qwest Communications

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • April 23 2010

One year after acquiring the former landline telephony unit of Sprint Nextel, CenturyLink set its sights on a much bigger prize as it announced plans yesterday to merge with Qwest Communications in a stock and debt deal valued at $22.4 billion

Windstream strikes $782 million deal for Q-Comm

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • August 20 2010

Regional phone and IP service provider Windstream continued its buying spree this week with an agreement to acquire Q-Comm, a regional fiber transport and competitive local exchange carrier (CLECs) based in Kansas, for $782 million in cash, stock and debt