Ina Fried

Recent Posts by Ina Fried

FCC Hires a Hesse (But Not Dan) to Oversee Review of ATT-T-Mobile Deal

The FCC has hired a Hesse to head up its review of AT&T’s proposed $39 billion takeover of T-Mobile USA.

Unfortunately for Sprint, it’s not Dan Hesse. Rather, it is Renata Hesse, a veteran antitrust lawyer–and no relation to the Sprint CEO. Hesse is a former DOJ antitrust lawyer who worked on the government’s opposition to the Oracle-PeopleSoft deal, among other transactions. Hesse is currently a partner with Wilson, Sonsini, Goodrich and Rosati.

“Renata’s wealth of legal expertise and experience is a welcome addition to the review team and I am thrilled that she will soon be joining us,” FCC Chairman Julius Genachowski said in a statement. “Her leadership will help ensure that our review of this important transaction is fair, thorough and efficient.”

Both the FCC and Justice Department must sign off on the deal. Sprint, headed by the other Hesse, has vowed to fight the deal.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work