Cecilia Kang
Tech Industry Pursues a Federal Privacy Law, on Its Own Terms
In recent months, apparently, Facebook, Google, IBM, Microsoft and others have aggressively lobbied officials in the Trump administration and elsewhere to start outlining a federal privacy law. The law would have a dual purpose, they said: It would overrule the California law and instead put into place a kinder set of rules that would give the companies wide leeway over how personal digital information was handled. The efforts could set up a big fight with consumer and privacy groups.
Department of Justice Approves Disney’s Purchase of Fox Assets
The Department of Justice approved the Walt Disney Company’s $71 billion bid for the entertainment assets of 21st Century Fox, potentially complicating Comcast’s desire to make a rival offer for Rupert Murdoch’s entertainment empire. The government’s approval was filed in federal court on the condition that Disney, which already owns ESPN, divest all of Fox’s 22 regional sports networks, which include valuable channels like the Yankees’ YES network.
AT&T Closes Acquisition of Time Warner
AT&T announced it had completed its $85.4 billion acquisition of Time Warner. The Justice Department still has 60 days from the date of the ruling to file an appeal, even if the companies close the merger, and such a filing remained a possibility. There was a time limit on when the government could seek an injunction, because the merger agreement between the companies expires on June 21. If an injunction had been granted, the companies would have had to extend the date or AT&T would have had to pay Time Warner $500 million in what is known as a reverse termination fee.
AT&T’s Time Warner Takeover Wins Judge’s Approval in Defeat for Justice Dept
A federal judge approved the blockbuster merger between AT&T and Time Warner, rebuffing the government’s effort to block the $85.4 billion deal, in a decision that is expected to unleash a wave of takeovers in corporate America. Judge Richard J. Leon of the United States District Court in Washington said the Justice Department had not proved that the telecommunication company’s acquisition of Time Warner would lead to fewer choices for consumers and higher prices for television and internet services.
Deal Makers Brace for Ruling in AT&T-Time Warner Case
Disney’s offer to buy 21st Century Fox. CVS’s bid for Aetna. T-Mobile’s proposed merger with Sprint. The path for these blockbuster deals and others could be transformed in an instant on June 12, when a federal judge is expected to issue his opinion on the government’s effort to block AT&T’s merger with Time Warner. It is one of the most influential antitrust cases in decades, enthralling Hollywood, Silicon Valley and Madison Avenue. If the merger is blocked, some executives are likely to slim down their deal aspirations.
Profile of FTC Commissioner Slaughter: ‘I Don’t Feel Superhuman. I Feel Like a Mom Who Has a Career.’
For the next several weeks, until her daughter Pippa goes to day care as a slightly older baby, she will join Federal Trade Commissioner Rebecca Slaughter on the fifth floor, either in a gray bouncy seat behind a desk or nestled in a wrap attached to her mother’s chest. It was the imperfect but best solution for Commissioner Slaughter, whose appointment in March to serve as an FTC commissioner just happened to coincide with the birth of her third child.
Facebook Replaces Lobbying Executive With Former FCC Chairman Amid Regulatory Scrutiny
Facebook replaced its head of policy in the United States, Erin Egan, as the social network scrambles to respond to intense scrutiny from federal regulators and lawmakers. Egan, who is also Facebook’s chief privacy officer, was responsible for lobbying and government relations as head of policy for the last two years. She will be replaced by Kevin Martin on an interim basis. Martin has been Facebook’s vice president of mobile and global access policy and is a former Republican chairman of the Federal Communications Commission.
U.S. Investigating AT&T and Verizon Over Wireless Collusion Claim
Apparently, the Justice Department has opened an antitrust investigation into potential coordination by AT&T, Verizon and a telecommunications standards organization to hinder consumers from easily switching wireless carriers. In Feb, the Justice Department issued demands to AT&T, Verizon and the GSMA, a mobile industry standards-setting group, for information on potential collusion to thwart a technology known as eSIM, apparently.
In Court, AT&T Chief Attacks Lawsuit to Block Time Warner Merger
AT&T’s chief executive, Randall Stephenson, attacked the Justice Department’s lawsuit to block its merger with Time Warner, saying that a combined company would be no different from the Silicon Valley giants that make and distribute video content. As the last witness for the defense in the Justice Department’s legal battle against AT&T’s $85.4 billion deal to buy Time Warner, Stephenson portrayed the 140-year-old phone giant as being in an existential crisis and in need of the deal with Time Warner to compete against tech companies.
Knowledge Gap Hinders Ability of Congress to Regulate Silicon Valley
With bipartisan agreement, members of Congress said that Silicon Valley needed to be reined in with new regulations. But time and again, when the most pressing issues have landed on Capitol Hill — like gun violence, school shootings, immigration and border control — Congress has declared five-alarm fires only to fail to follow through on major legislation. The current zest for new privacy laws is also likely to stall as lawmakers wrestle with the technical complexities and constitutional vexations sure to emerge with any legislation to control content on the internet. Beyond the typical pol