The deal, which was approved by the boards of both companies, includes $25 billion in cash and the rest in AT&T stock.
AT&T Inc said on Thursday it is terminating its sponsorship agreement with Tiger Woods, joining the list of companies that have distanced themselves from the top golfer in the wake of a sex scandal. The US telecommunications company is the latest corporate sponsor to back away from the world's first billionaire athlete since he became engulfed in allegations of multiple extramarital affairs.
Trying to adapt to changing market requirements amid recessionary conditions, corporate giants including Microsoft, IBM and Yahoo Inc are not only cutting jobs but are at the same hiring people in other business units, a media report says.
AT&T Inc, the largest telecom services provider in the US, has acquired an 8.07 per cent stake in Pune-headquartered Tech Mahindra for $34.5 million (around Rs 160 crore) by exercising a 2005 option agreement to buy a stake in the company. Its stake at Tuesday's prices on the Bombay Stock Exchange (BSE), however, is worth around Rs 900 crore.
It may be the season for corporate matchmaking but India Inc's record of managing partnerships is far from impressive, says Shailesh Dobhal.
Apple Inc said it received a record four million first-day pre-orders of its new iPhone 6 and iPhone 6 Plus, meaning many customers will have to wait until October for their new phones.
McMahon was being investigated by the board for agreements to pay $12 million over the past 16 years to suppress allegations of sexual misconduct
Arora was hired in July to run a newly created unit called SoftBank Internet and Media Inc.
Companies have activated a comprehensive pandemic response plan with requisite risk mitigation protocols for keeping networks working as telecom is an essential service.
The scandal stemming from longtime USA Gymnastics doctor Larry Nassar's sexual abuse of young female athletes could take a financial toll on the sports federation for years, sponsorship executives said.
Disgraced long-time USA Gymnastics team doctor Larry Nassar was sentenced on Wednesday to 40 to 175 years in prison for molesting young female gymnasts, following days of wrenching testimony from about 160 of his victims, including Olympic medallists.
Google launched Wallet in 2011.
The award has been instituted by the Palladium Group Inc, a leading global professional services firm that enables companies to better measure and manage performance using the BSC approach, Infosys said in a statement.
A consortium led by Singapore Technologies Telemedia Pte and Telekom Malaysia Bhd has bid for the one-third stake of AT&T Wireless Services Inc in Indian telecom major Idea Cellular Ltd.
In order to determine whether this would be sound strategy for them, one needs to look at two issues: One, on the alliances being built globally between telcos, on one hand, and cloud service firms, on the other, especially with the advent of 5G; and two, how their business strategies in India will blend into with such a deal.
Customers may have to wait three to four weeks to get their hands on Apple Inc's iPhone 6 Plus, after a record number of orders for the company's latest smartphones strained available supply.
eBay and PayPal will be sharper and stronger, and more focused and competitive as leading, standalone companies in their respective markets.
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