Last week, Makan Delrahim, Assistant Attorney General for the Department of Justice’s Antitrust Division, joined Hogan Lovells partner and former Federal Trade Commission Chairwoman Edith Ramirez for a fireside chat at the annual Winnik International TMT Forum hosted by Hogan Lovells. The discussion focused on the role of antitrust law in an age of media and technology convergence. Delrahim offered … Continue Reading
I’m currently watching a wonderful new show called “The Marvelous Mrs. Maisel,” on Amazon Prime. It’s a comedy about a recent divorcee in Manhattan in the early 1960s who decides to become a stand-up comedian. As I’m watching the show my thoughts drift to the magnitude of difference between the fictitious Midge Maisel watching Bob Newhart on her 1960s-era television … Continue Reading
In the first major transaction approval under Ajit Pai’s Chairmanship, the Federal Communications Commission (“FCC”) recently approved, subject to targeted, transaction-specific conditions, license and authorization transfers in connection with CenturyLink’s $34 billion acquisition of Level 3. The FCC’s recitation of its merger review standard in its order (the “CenturyLink-Level 3 Order”) differed somewhat from the description of the standard … Continue Reading
On May 10, 2016, the Federal Communications Commission (“FCC”) released its Memorandum Opinion and Order approving Charter Communications Inc.’s (“Charter”) acquisition of Time Warner Cable Inc. The merged entity, called “New Charter,” will be the second-largest broadband provider with 19.4 million users, and the third-largest cable television provider with 17.4 million customers. The approval of the merger, however, did not … Continue Reading
This week’s intervention by the Competition and Markets Authority in the ongoing, hard-fought review of CK Hutchison’s bid for O2 UK supports the views already expressed by the EU competition commissioner and reflects a closeness of interaction between European regulators. But this closeness could disappear if the UK votes to leave the EU in June.
The review of the deal… Continue Reading
Personal data is an important aspect of most M&A transactions because almost all businesses store information about their employees and customers. For some deals, data is critical, and there is a trend among regulators on a global scale to increase sanctions over data privacy and security violations. There is also a risk that data protection violations may render a deal … Continue Reading
The media industry is obsessed with disruption. The news media have been going through a decade and a half of decline — most notably in advertising revenues — that has caused many bankruptcies and also a rethink of how media organizations organize their businesses. And despite all of this, new entrants abound.
In the business world, disruption is a catch-cry; … Continue Reading
EDITOR’S NOTE: We are excited to present this entry in our new TMT2020 series, which reflects the key technology, media, and telecoms legal issues that are expected to impact today’s organizations and tomorrow’s marketplace. It also provides an opportunity to highlight contributions by TMT associates across our global offices and practice areas.
Looking to get your deal cleared in the … Continue Reading
According to the news service mlex, on 27 February 2014 the European Commission adopted a formal Statement of Objections against the Spanish operator Telefónica’s plan to buy E-plus of Germany, laying out concerns that deal could harm competition and lead to price increases. The contents of the Statement of Objections are not yet publicly available, and EC spokesman Antoine … Continue Reading
Panelists at the Winnik International Telecoms & Internet Forum expect immense merger and acquisition activity in developing markets around the globe, but predict little near-term M&A activity in the United States, where substantial consolidation has already occurred, or Europe, where logistical and business constraints affect consolidation opportunities.