AT&T Could Be Buying Time Warner in an $85.4 Billion Deal

AT&T Could Be Buying Time Warner in an $85.4 Billion Deal

Intro

AT&T agreed to buy Time Warner inc. for a whopping $85.4 billion and that simply means that the tech giant will be gaining ownership of many of the movies and TV shows that Time Warner pumps to its subscribers, but that will be if regulators sign off on the deal as they (regulators) and lawmakers have grown pretty skeptical of media consolidation.

AT&T Chairman and Chief Executive, Randall Stephenson has stated his desire to venture into media and entertainment, and for many years, he has continued to nurture that dream, and it seems he may have decided to take the big step into this industry.

Over time, the company’s wireless, internet and pay-TV businesses have matured, and now having to win premium cable channels like HBO, CNN, and the Warner Bros. studios just mean that the company will be known more as a content owner than just a distributor. This move will give the company extra reach at a time when users can decide what to view and what not to view.

AT&T Could Be Buying Time Warner in an $85.4 Billion Deal



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