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Old 10-24-2016, 12:42 PM   #1
A.T. Hagan
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Default AT&T Reaches Deal To Buy Time Warner For More Than $85 Billion

http://www.npr.org/sections/thetwo-w...han-80-billion


Time Warner is heading for another merger — this time with AT&T,
in a deal that was announced Saturday. Here, the company's
headquarters at New York City's Columbus Circle.
Andrew Burton/Getty Images


Quote:
AT&T has announced it's buying Time-Warner in a cash-and-stock deal worth more than $85 billion, uniting one of the country's largest communications companies with a major content provider.

The deal was formally approved by the boards of both companies on Saturday.

"This is a perfect match of two companies with complementary strengths who can bring a fresh approach to how the media and communications industry works for customers, content creators, distributors and advertisers," said AT&T CEO Randall Stephenson, who will head the new company, in a statement. "It's a great fit, and it creates immediate and long-term value for our shareholders."

Dallas-based AT&T will pay $107.50 for each share of Time-Warner stock.

AT&T is a major provider of internet, wireless and telecommunications services to millions of people. By acquiring Time-Warner, owner of CNN, HBO and Warner Bros. studios, it will have access to a vast library of content that includes the Harry Potter franchise and "Game of Thrones."

The merger comes at a time when consumers—especially young ones—are increasingly eschewing cable TV and watching programming on their smartphones and wireless devices.
The rest at NPR.
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Old 10-24-2016, 01:51 PM   #2
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This is a huge monopoly now.

List of assets owned by Time Warner
From Wikipedia
https://en.wikipedia.org/wiki/List_o...by_Time_Warner
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Old 10-24-2016, 04:14 PM   #3
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Quote:
Originally Posted by Calm View Post
This is a huge monopoly now.

List of assets owned by Time Warner
From Wikipedia
https://en.wikipedia.org/wiki/List_o...by_Time_Warner
That is a very long list.
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Old 10-24-2016, 04:15 PM   #4
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I have no doubt the Feds, possibly some of the States, and I would not be surprised over foreign governments, will be scrutinizing this very carefully.
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Old 10-25-2016, 02:57 PM   #5
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The AT&T-Time Warner Merger: What Are The Pros And Cons For Consumers?

http://www.npr.org/sections/alltechc...-for-consumers
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Old 10-25-2016, 03:07 PM   #6
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AT&T spying on Americans for profit

http://www.thedailybeast.com/article...or-profit.html
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