Starfleet Geekosystem! We don't lie!
Now that the star system Geekosystem has officially joined the United Federation of Mary Sue, we thought you'd like to get to know some of the newest recruits a little better. Sure, you saw us all kicking butt and super-smashing in Leigh Lehav's amazing Merger Initiative video, but we also wrote a lot for our little geeky site, since it was kind of our job and all. Now we want to tell you all about ourselves and show you some of our favorite posts we've worked on.Read More
AT&T has spent months trying to convince the U.S. government to allow their $39 billion takeover of T-Mobile to go ahead. Along the way, the Telecom giants have argued the necessity of the merger, saying that the demands put upon the companies exceed the available wireless bandwidth allotted to them. However, the merger had several critics who said that merging the two companies would stifle competition. Today, AT&T announced that it was ceasing its bid for T-Mobile.Read More
As you may know, AT&T has had its sights set on T-Mobile for a while now, and the two had agreed that AT&T would be allowed to gobble up T-Mobile for a scant $39 billion. If you had your money on the merger getting blocked for antitrust violations, you were right. Today, the U.S. Government sued to block the merger on grounds that it would "substantially lessen competition," at which point AT&T's stock took a 5% hit. If the merger should happen to go through after all, we will see the birth of the largest mobile service provider in the United States.
Due to cancelation language written into the merger agreement, AT&T has some significant incentives to fight these antitrust allegations. If the deal fails to go through, AT&T owes T-Mobile a check for $3 billion and reduced charges for dialing into AT&Ts network as part of a package that's worth somewhere around $7 billion.Read More