M&A

I have written extensively about mergers and acquisitions, as well as spinoffs and other transactions. This page includes coverage of major deals over the last decade.

COMCAST – NBC UNIVERSAL

Comcast denies deal for NBC Universal - MarketWatch

“Comcast denies deal for NBC Universal”
MarketWatch, Oct. 1, 2009

Following a published report that said Comcast would acquire NBC Universal from General Electric outright, Comcast issued a denial. Because it was still obvious that talks were underway about some kind of deal, analysts expressed concern.

 

 

Comcast, NBCU execs offer merger reassurances - MarketWatch“Comcast, NBCU execs offer merger reassurances”
MarketWatch, Feb. 4, 2010

Once Comcast officially agreed to a deal that would give it a controlling stake in NBC Universal, the companies had to address regulatory concerns. This item is a report on testimony before the House Subcommittee on Communications, Technology and the Internet.

 

 

Analysts breathe sigh of relief over Comcast - MarketWatch“Analysts breathe sigh of relief over Comcast”
MarketWatch, Jan. 19, 2011

After the FCC and the DOJ approved the transaction, the investment community was pleased to see that the regulators did not impose the kinds of restrictions on Comcast that many had anticipated.

 

 

Comcast makes statement with Olympic redux - MarketWatch“Comcast makes statement with Olympic redux”
MarketWatch, June 8, 2011

Following the acquisition, Comcast demonstrated that it was committed to reviving NBC, which had been in last place in the Nielsen ratings in every season since “Friends” left the air in 2004. An extension of its more-than 20-year association with the Olympic games was one signal of that intention.

 

 

4 new minority networks enter pricey cable fray with Comcast push - The Tell - MarketWatch“4 new minority networks enter pricey cable fray”
MarketWatch, Feb. 21, 2012

One of the promises Comcast made to receive approval for the deal was that it would do more to foster diversity in cable television. With that in mind, the company announced the launch of four minority-owned cable networks that would be offered on its systems beginning in April 2012.

 

 

SIRIUS SATELLITE ACQUIRES XM SATELLITE

xm-sirius deal“XM jumps 10%, Sirius rises 6% on deal news”
MarketWatch, Feb. 20, 2007

After competing as the only two satellite radio companies for several years, Sirius forged a deal to acquire XM.

 

 

Analysts- XM, Sirius can stand alone if they must - MarketWatch“Analysts: XM, Sirius can stand alone if they must”
MarketWatch, Feb. 20, 2007

The FCC was widely expected to oppose the Sirius-XM transaction, on the grounds that such a combination would form a monopoly. In this sidebar, analysts discussed the ramifications.

 

 

Sirius-XM deal clears major regulatory hurdle - MarketWatch“Sirius-XM deal clears major regulatory hurdle”
MarketWatch, March 24, 2008

The DOJ approved the deal on the grounds that developing technologies would compete with satellite radio and make it difficult for a combined Sirius-XM entity to raise prices and hurt consumers.

 

 

FCC likely to approve Sirius-XM deal, analysts say - MarketWatch“FCC likely to approve Sirius-XM deal, analysts say”
MarketWatch, March 25, 2008

In this follow-up to the DOJ story, analysts and other experts explain why the FCC, despite the stated objections of Chairman Kevin Martin, would probably greenlight the transaction.

 

 

“Sirius XM shares drop 50% on reports of possible bankruptcy”Sirius XM shares drop on reports of possible bankruptcy - MarketWatch
MarketWatch, Feb. 11, 2009

After the deal had closed, the worldwide economic downturn that pressured so many industries was having a devastating effect on the combined Sirius-XM entity. Amid reports of a potential bankruptcy filing, observers weigh in on the company’s plight.

 

 

Why satellite-TV moguls see value in Sirius XM - MarketWatch“Why satellite-TV moguls see value in Sirius XM”
MarketWatch, Feb. 13, 2009

In a follow-up to the previous item, an analysis of why Liberty Media’s John Malone and EchoStar’s Charlie Ergen were interested in taking a significant stake in the satellite radio company and rescuing it from bankruptcy. Among those quoted is a fund manager who for many years held XM shares, who by this time was frustrated with the combination.

 

 

Other transactions

Here are items on several additional deals, including Walt Disney Co.’s acquisitions of Pixar, Marvel and Lucasfilm.

“News Corp. buys 49% stake in YES Network”
MarketWatch, Nov. 20, 2012

“Disney to acquire Lucasfilm for $4.05 billion”
“Lucasfilm may be bargain for Disney”
MarketWatch, Oct. 30-31, 2012

“Disney to acquire Marvel for $4 billion”
MarketWatch, Aug. 31, 2009

“CBS moves to sell radio stations in smaller markets”
MarketWatch, May 23, 2006

“Cable to be aggressive after (AT&T-BellSouth) merger”
MarketWatch, March 6, 2006

“Analysts cheer Walt Disney Co.’s Pixar acquisition”
MarketWatch, Jan. 25, 2006

“Viacom board OKs split into two entities”
“Challenges ahead for new Viacom in cable, film  units”
“Redstone: World has changed”
MarketWatch, June 14, 2005

“Sony-led group agrees to buy MGM for $4.84 billion”
MarketWatch, Sept. 13, 2004