AT&T and Time Warner kicked off a hearing to defend their $84.5 billion. AT&T, or Ma Bell, as it was known, is no stranger to legal battles and anti-trust battles.
The main concern in vertical deals like the tie-up with Time Warner is foreclosure, Sen. Mike Lee said, which is denying competing companies access to suppliers and customers.
The scale and supply chain challenges involved with ramping flagship iPhones makes it hard to do outside of China. But some low-volume, high-margin products could be made in the U.S.
Fitbit is acquiring intellectual property and staff from Pebble, which is being shut down. Reports have suggested the deal cost between $34 million and $40 million.