AT&T and Time Warner. Sprint and T-Mobile. Sinclair Broadcast Group and Tribune Media. Heinz and Kraft.
It seems like every other month is dominated by news of a proposed or completed corporate merger. And while those partnerships can result in a major financial boost for the corporations involved, consumers are left scratching their heads and asking, “What does this mean for my finances?”
The short answer for those curious consumers is: It depends.
“There are some mergers and acquisitions that will probably promote consumer welfare,” says Bill Galston, senior fellow at the Brookings Institution, a District of Columbia-based think tank. “But as some research has found, there are other [mergers and acquisitions] that point in the opposite direction.”