A federal judge approved the merger of Time Warner and AT&T this week, opening the floodgates for even more large mega corporate mergers. Comcast moved almost instantly to provide a massive bid on 21st Century Fox, outbidding Disney by over 15%, setting off a huge bidding war. Leo says that the judge got it wrong and this represents a serious problem for consumers, even though customers like it because it saves them money in the short run.
Will T-Mobile and Sprint be merging? Leo says no. The merger is dead since it looks like the FCC wouldn't approve the merger. Pity too. So now, a French company is trying to buy T-Mobile. Leo says that TMobile has great speeds, especially in areas where there isn't a lot of presence. So if the coverage is good in your area, then go for T-Mobile.
The merger of Sprint and T-Mobile won't be an easy sell to the FCC. They stopped the merger of AT&T and T-Mobile in 2011. If they do approve this, Softbank, which now owns a majority of Sprint, will rebrand the new company as SoftBankUSA with John Ledger as CEO. But while Sprint and T-Mobile aren't doing all that great, he believes that if they can survive individually, they shouldn't merge. Leo likes competition and he doesn't think it'll happen.
This week, AT&T announced that they will be acquiring DirecTV. The universe gets even smaller and that's not good for consumers.
Report: AT&T to announce DirecTV deal Sunday (USA Today)…