Prices will go up and consumers will have LESS choices :sadpaul: The CEO's will get richer because of the merger and the peasants get poorer :mystery: Also, more propaganda will be pushed. NOTHING good comes from this.
Whole article in link, but I'll quote the important part.
Also, Comcast owns NBC btw. So, I think if Verizon purchased Comcast, then NBC would become theirs also. Food For Thought :punk2::punk2:
Whole article in link, but I'll quote the important part.
Verizon Chief Executive Lowell McAdam may be getting ready to answer rival AT&T’s moves to buy DirecTV and Time Warner.
The New York wireless giant is weighing the acquisition of a cable company to help grow demand for its wireless data products, two well-placed sources told The Post.
The CEO told friends at the Consumer Electronics Show in Las Vegas earlier this month that he wants to buy into cable, one source said.
“They need it for 5G,” said a second source, confirming McAdam’s interest.
The most likely targets would be “Charter or Comcast,” the source noted.
Were Verizon to make a move on Liberty Media-backed Charter, it would replicate the kind of deal shareholder John Malone made back in 1998 to sell global cable company TCI Communications to AT&T.
Rival AT&T not only owns DirecTV but also has an agreement to acquire Time Warner for $109 billion in cash and stock
McAdam is obsessed with distribution, said a person familiar with his thinking.
Verizon mulling acquisition of big cable company | New York Post
Also, Comcast owns NBC btw. So, I think if Verizon purchased Comcast, then NBC would become theirs also. Food For Thought :punk2::punk2:
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