MERGER

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• Nazara Technologies eyes expansion in US, Europe

  Nazara, which has actively been scouting and acquiring companies over the last five years, is now looking to fill some gaps in its casual, social multiplayer, e-sports and real money gaming segments.

  

• How a missed golf tournament led to the merger of Discovery, WarnerMedia

  WarnerMedia, which AT&T acquired for $108.7 billion in 2018, had become an albatross for Stankey, who came in as CEO last year. He wanted to reduce the strain on AT&T's finances. The company was investing heavily in the race for 5G phone services, including spending $23.4 billion in a wireless spectrum auction in February.

  

• Bharti Infratel-Indus Towers merger may soon get completed

  The principal shareholders, Bharti Group and Vodafone, have opted for a share-swap arrangement instead of the original plan, under which Bharti Infratel would acquire Vodafone Idea’s entire 11.15% stake in Indus Towers for about Rs 4,500 crore in cash.

  

• Eros International, Hollywood's STX Entertainment to merge, create global content firm

  The deal, which comes at a time the entire movie production sector is shut in major global markets due to the COVID-19 pandemic, will see STX merging into the NYSE-listed Eros International and creating an enterprise with a USD 1 billion valuation, Pradeep Dwivedi, the chief executive for Eros International Media, told.

  

• Trai moots reforms in merger norms for telecom licences

  In a bid to reform norms for transfer and merger of telecom licences, Trai on Friday suggested that while both subscriber base and revenue are considered in determining marketshare for mobile and internet service providers, only revenue should be taken into account in marketshare calculation for other services like national and international long distance telephony.

  

• Australia court approves $10 billion Vodafone-TPG merger, overrules regulator

  An Australian court approved a A$15 billion ($10.1 billion) merger between a unit of Britain's Vodafone Group and internet provider TPG Telecom on Thursday, overruling a regulator and enabling a huge rival to the country's top telcos.

  

• T-Mobile US returns to Sprint deal with whip hand

  T-Mobile US and Sprint have won the fight for regulatory approval of their merger. Now comes another potential skirmish: renegotiating the terms of the agreement. Two years after the original tie-up was announced, T-Mobile US boss John Legere has an opportunity, and a good reason, to cut a better deal.

  

• U.S. judge expected to rule in favour of Sprint, T-Mobile merger: sources

  A U.S. district judge is expected to rule in favour of allowing Sprint and T-Mobile US to merge over the objections of a group of state attorneys general, according to two sources familiar with the matter.

  

• DoT OKs merger of Tata Tele consumer mobility business with Airtel

  The Department of Telecommunications (DoT) has approved the merger of Tata Teleservices’ consumer mobility business with Bharti Airtel, paving the way for the closure of the sector’s last major M&A deal more than two years after it was announced.

  

• Tech Mahindra set to gain from merger of US giants Sprint, T-Mobile

  The IT services firm earns 41% of its revenue from the communications vertical, a business it dominates by helping telecom firms manage their legacy tech and equipping them with solutions

  

• DoT moves SC against merger of Airtel with Tata Tele arm

  DoT has sought dues worth over Rs 8,000 crore on account of one-time spectrum charges (OTSC) and said in its appeal to the apex court that the demand was based on the licence conditions, said people aware of the developments. The appeal was filed last week and hearing has been set for November 15.