AT&T To Buy Time Warner For $85 Billion

What seems to be very interesting is AT&T has offered to buy Time Warner for $85.4 Billion.

After no finalization from Comcast or Charter offer for Time Warner, there is a new player in the mix.

The merger has been unanimously approved by both boards.

“When Jeff and I started talking, it became clear to us very quickly that we shared a very similar vision,” Randall L. Stephenson, AT&T’s chief executive, told reporters on a conference call on Saturday, referring to Jeffrey Bewkes, Time Warner’s chief executive. “Time Warner, we believe, is the clear leader in premium content.”

Without a doubt, the deal will be closely watched and scrutinized by the FCC.

It could be just a bit too big to not be considered a monopoly.

If you would like to read the full article from NY Times, it is available here.

 

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DickLewis13

BlackBerry fan. Loved my Bold 9650. Then went Z10, Q10, Z10, Z30. Now rocking a Verizon BlackBerry Classic! Also an unlocked AT&T Passport used as a tablet. Retired truck driver, last 27+ years before retirement was with a local beer distributor.

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