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AT&T to buy Time Warner for USD 85 billion

Sunday 23 October 2016 | 11:27 CET | News
AT&T has agreed to acquire the media group Time Warner for a combination of cash and stock worth USD 85 billion. After expanding to Mexico and acquiring satellite TV provider DirecTV last year AT&T is looking to video content for its next area of growth, acquiring with Time Warner assets such as HBO, CNN, TNT and the Warner Bros film studio. AT&T said the combination will mean networks to deliver "world's best premium content" to every screen.

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Categories: General
Companies: DirecTV / FCC / HBO / Time Warner / Warner Bros
Countries: United States
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