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Google and Mozilla have reupped their search revenue agreement. Under the new three-year plan, Google Search will continue to be the default search provider for Firefox users.
Given Google’s clear desire to push Chrome into the top ranks of the browser market, it would seem counterintuitive for it to re-ink a deal with one of its chief rivals in that arena.
AT&T has decided not to challenge the Federal Communication Commission’s objections to its proposed US$39 billion acquisition of T-Mobile. Given the energy, time and resources it clearly put into the effort, the company is likely still licking its wounds, but it will soon have to address the question of what to do next — as will T-Mobile and its parent company Deutsche Telekom.
AT&T has put an end to its $39 billion quest to take over T-Mobile Monday, announcing that it will decline to challenge the FCC’s claims that the deal would lead to fewer consumer choices, poor service and higher prices.
Netflix shares began perking up Monday after a report from DealReporter suggested that Verizon is looking into acquiring the DVD and streaming service to kick-start a video offering of its own. News from Bloomberg on Tuesday morning further intensified the rumor, which arose less than week after Reuters reported that Verizon was planning to get into the Web video business by way of a deal with DVD kiosk operator Redbox.
AT&T plans to continue with its plan to acquire T-Mobile, Chief Financial Officer John Stephens told reporters, in spite of strong disapproval from regulatory organizations including the Department of Justice and the Federal Communications Commission. AT&T plans to use the $10 billion cash accumulated on its balance sheet to prepare for quick closure of deal, Stephens reportedly said.