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The new AT&T Inc. lacks the vertical integration that characterized the historic AT&T Corporation and led to the Department of Justice antitrust suit. [23] AT&T Inc. announced it would not switch back to the Bell logo, [24] thus ending corporate use of the Bell logo by the Baby Bells, with the lone exception of Verizon.
Faced with a government investigation and a possible suit for antitrust violations, AT&T entered into negotiations that carried on for several months in 1913. [3] The conclusion came in form of a voluntary commitment in form of a letter by AT&T's Vice President Nathan Kingsbury, who secured approval by executives and the government representatives before submittal.
In order to reduce its staggering debt burden, AT&T (T) is reportedly aiming to divest half of its DirecTV business.
Despite spinning off Time Inc. in 2014, the company retained the Time Warner name until 2018, when the company was renamed WarnerMedia after it was acquired by AT&T. [7] On October 22, 2016, AT&T officially announced that they intended on acquiring Time Warner for $85.4 billion (or $108.7 billion when including assumed Time Warner debt ...
What it means: The concept of divestment appears fairly simple at face value — an investor or institution sells off its shares of a company to avoid complicity in activities they deem unethical ...
United States v. AT&T may refer to several court cases: United States v. AT&T, a lawsuit enforcing the divestiture of the Bell System; United States v. AT&T, a lawsuit attempting to block a merger with Time Warner
The Bell System was a system of telecommunication companies, led by the Bell Telephone Company and later by the American Telephone and Telegraph Company (AT&T), that dominated the telephone services industry in North America for over 100 years from its creation in 1877 until its antitrust breakup in 1983.
In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment. Divestiture is an adaptive change and adjustment of a company's ownership and business portfolio made to confront ...