Comcast is backing down from the Time Warner Cable, people familiar with the matter told Bloomberg earlier today. The announcement will be made tomorrow by Comcast, following the Department of Justice and Federal Communications Commission both intervening to block the deal.
The wireless industry has been quite content with high prices, data caps and heavy roaming charges for the past decade, and even with T-Mobile USA coming in to clean the act up, it is still a cesspit of high profit margins, low customer satisfaction rates and billionaire executives.
When Google acquired Motorola Mobility for $12.5 billion in 2011, it looked to be the start of great partnership where Google would work on the hardware, software and services using the Motorola branding, to take on Apple and Samsung.
New Zealand has talked about its great relationship with China over the past few years, but secretly the Government Communications Security Bureau has been working with the National Security Agency to spy on Chinese diplomats while visiting Auckland on a trade meeting.
The Department of Justice and Federal Communications Commission are both reviewing the merger between Comcast and Time Warner Cable, and it looks like at least one of the departments will be look to block the merger.
Netflix has announced 60 million subscribers now browse the service looking for movies and TV shows. The numbers are split 40 million in the U.S. and 20 million overseas, showing the market saturation in its home town.
The Drug Enforcement Administration has set up its own mass surveillance network spanning 116 countries, using a mass of wiretapping, subpoenas and court orders to obtain information. The network has been in operation since the 1990s, around the time the U.S. started to police the world on drugs.
Warrantless surveillance of U.S. citizens seems to be quickly becoming a hot topic, thanks to the introduction of the Stingray tool allowing police forces to set up perimeter as a cell phone tower, taking personal information from everyone in a certain proximity.