AT&T to Take $4 Billion Charge to Cover Costs if T-Mobile Deal Fails

The company also withdrew its pending application to the Federal Communications Commission seeking approval for the purchase, though it says it will fight on.
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China: Google’s Acquiring Motorola? Nobody Told Us.

Looks like Google forgot to loop the Chinese government in on its planned acquisition of Motorola Mobility.
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Layoffs Begin at AOL

Sprint Nextel Silences iPCS

Wireless company iPCS is a legal thorn in Sprint’s side no longer. This morning, Sprint said it would acquire its litigious affiliate for $831 million, including the assumption of $405 million of net debt.
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Ellison: By MySQL, I Mean Larry’s SQL

Though some analysts claim otherwise, MySQL is an asset, not baggage, and Oracle has no plans to unload it. Nor does the company think it will be forced to win regulatory approval for its proposed purchase of Sun Microsystems. “No, we’re not going to spin [MySQL] off,” Oracle CEO Larry Ellison told attendees of a Churchill Club event in Silicon Valley Monday evening.
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What Was It Oracle Wants With Sun, Again?

Sun Microsystems’s last quarterly report as an independent company was about as miserable as earnings reports get. No surprise, then, that the company didn’t bother to issue a press release or hold a conference call with analysts to discuss them.
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Yahoo Investors on Microsoft Deal: Do Not Want

Yahoo CEO Carol Bartz says the company’s newly inked search advertising pact “comes with boatloads of value for Yahoo,” but you wouldn’t know it to look at the company’s share price. Yahoo’s shares slipped into the mud on the deal’s announcement, declining nearly seven percent to $16.07 in early trading.
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Why It Took More Than Four Months, and Millions of Dollars, to Get “Lost” on Hulu

What does it take to add a third player to a joint venture between two media conglomerates? More than four months of negotiations. Tens of millions of dollars help, too. That’s what finally got Disney to join up with GE’s NBC and News Corp.’s Fox in Hulu, the fast-growing Web video site. Here’s what that means for the three networks and the rest of the Web video business.
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