AT&T Acquisition Of Time Warner Could Happen This Weekend: WSJ

Posted: Oct 21 2016, 10:41am CDT | by , Updated: Oct 21 2016, 10:45am CDT, in News | Latest Business News

 

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 AT&T Acquisition of Time Warner Could Happen This Weekend: WSJ
AT&T CEO Randall L. Stephenson Photo Credit: Getty Images
 

The Wall Street Journal reports that AT&T is in advanced talks to acquire Time Warner.

Is AT&T soon the owner of TV channels including HBO and CNN? AT&T is in advanced talks to acquire Time Warner Inc., according to people familiar with the matter reports the Wall Street Journal.

A deal, which could happen as early as this weekend. The acquisition would unite AT&T's wireless, broadband and satellite TV services with Time Warner's entertainment offerings, which includes cable networks such as TNT, TBS, CNN, the coveted premium channel HBO, and the Warner Bros. film and TV studio.

According to the WSJ, the deal would be a cash-and-stock deal. The deal negotiations are still at a critical juncture and could fall apart. Bloomberg reported yesterday evening that AT&T had discussions with Time Warner. The WSJ report takes the deal to new level.

Time Warner Chief Executive Officer Jeff Bewkes would agree to a deal if the offer is fair, said one of the people familiar with the matter to Bloomberg. Bewkes and his board rejected an $85-a-share approach in 2014 from Rupert Murdoch’s 21st Century Fox Inc., which valued Time Warner at more than $75 billion.

Verizon has bought AOL earlier this year to get ownership of content.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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