WASHINGTON— Amazon.com will be able to close its purchase of 1Life Healthcare the operator of the One Medical line of primary-care clinics, without a legal challenge by antitrust enforcers. The Federal Trade Commission won’t sue in time to block the $3.9 billion deal, including debt, but will continue its investigation of the merger, an agency spokesman said. The decision clears a path for Amazon to substantially expand its healthcare offerings and operate physical medical clinics. Read More...
Reuters
AT&T seeks to shed cybersecurity division -sources
AT&T Inc, the second-biggest U.S. wireless carrier, is exploring a sale of its cybersecurity division, potentially undoing an acquisition it completed five years ago, according to people familiar with the matter. The sale of the cybersecurity business would add to a string of divestments AT&T has turned to in order to pay down debt following its $108.7 billion acquisition of Time Warner Inc in 2018, a deal it has since also unwound. In the last two years, AT&T sold a 30% stake in its pay TV unit DirecTV to private equity firm TPG for $1.8 billion, and received $40.4 billion in cash by spinning off and merging its Warner Media business with Discovery Communications to form Warner Bros Discovery Inc.
