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.