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AT&T to buy HBO, CNN, and the rest of Time Warner for more than $80 billion
Posted on 10/23/16 at 11:33 pm
Posted on 10/23/16 at 11:33 pm
Deal includes Batman
quote:
The Wall Street Journal reports that AT&T has reached a deal to acquire Time Warner for more than $80 billion. News of the merger first surfaced on Friday, when Reuters and Bloomberg reported that the deal could top $85 billion. If successful, AT&T will gain control of huge entertainment and news brands including HBO, Warner Bros. Entertainment, and CNN, and resembles efforts by competing ISPs in recent years to create enormous media conglomerates.
Since one of Time Warner's holdings is DC Comics, the wireless company will also be acquiring Batman.
AT&T's deal with Time Warner follows another major acquisition last year, when it acquired DirecTV for $48.5 billion. Other similar mergers include the Comcast / NBC Universal deal, which completed in 2011, and Verizon's purchase of AOL and Yahoo over the past year.
4
Posted on 10/24/16 at 12:50 am to euphemus
MBGA
Posted on 10/24/16 at 1:03 am to euphemus
Posted on 10/24/16 at 1:11 am to jeff5891
Poor soul that had to build that graphic.
Posted on 10/24/16 at 4:53 am to jeff5891
They are just begging regulators to come in and break them up again
Posted on 10/24/16 at 7:44 am to WavinWilly
quote:
They are just begging regulators to come in and break them up again
Yep, this has too big for your britches written all over it. The good news: CNN couldn't suck any more in terms of media bias/shitty ratings so hopefully AT&T will make positive changes in that regard.
Posted on 10/24/16 at 7:51 am to jeff5891
Holy chart lines Batman!!
Posted on 10/24/16 at 9:01 am to jeff5891
Now all they have to do is buy Yahoo and they'll own everything again. This time, they probably already bought the right senators and congressmen.
And this isn't the 80's. With Obama/Clinton in the White House, this deal gets made.
See you later, free market.
And this isn't the 80's. With Obama/Clinton in the White House, this deal gets made.
See you later, free market.
Posted on 10/24/16 at 9:11 am to euphemus
First order of business is to cut Game of Thrones budget.
Posted on 10/24/16 at 9:36 am to Giantkiller
Ya this is setting up to be quite the monopoly.
I know Bernie has come out against it
I know Bernie has come out against it
Posted on 10/24/16 at 9:45 am to colorchangintiger
quote:
First order of business is to cut Game of Thrones budget.
Don't give them any ideas
Posted on 10/24/16 at 9:55 am to euphemus
I knew cell phone bills were high but damn, 80 billion.
Posted on 10/24/16 at 10:56 am to StripedSaint
Just saw Time Warner is on the hook for 1.7B if the deal falls through 
Posted on 10/24/16 at 11:03 am to philabuck
Where is CenturyLink in that chart?
Left out that they acquired Qwest along with Embarq, Savvis and Tier 3 and Cognilytics
Left out that they acquired Qwest along with Embarq, Savvis and Tier 3 and Cognilytics
This post was edited on 10/24/16 at 11:04 am
Posted on 10/24/16 at 11:26 am to WavinWilly
quote:
They are just begging regulators to come in and break them up again
I hope they do.
Posted on 10/24/16 at 12:35 pm to rocket31
[Money Board hijack]
ELI5: Why is AT&T stock declining after this?
ELI5: Why is AT&T stock declining after this?
Posted on 10/24/16 at 3:31 pm to CAD703X
quote:
Where is CenturyLink in that chart?
not seeing alltel either
Posted on 10/24/16 at 4:00 pm to Box Geauxrilla
quote:Probably a bunch of reasons, but the one that stands out is this:
ELI5: Why is AT&T stock declining after this?
AT&T is offering $107.50/share, which is well above the current market value of Time Warner. They are paying $80billion for something valued by the market at around $67billion, basically taking a $13billion loss on the deal. This is pretty much in line with the market cap AT&T has lost.
Posted on 10/25/16 at 5:31 am to Giantkiller
quote:
Now all they have to do is buy Yahoo and they'll own everything again. This time, they probably already bought the right senators and congressmen.
And this isn't the 80's. With Obama/Clinton in the White House, this deal gets made.
See you later, free market.
Just think what a bigger deal this would be right now if the merger of AT&T and T-Mobile wouldn't have gotten blocked a couple of years ago.
Posted on 10/25/16 at 7:39 am to DannyB
quote:
Just think what a bigger deal this would be right now if the merger of AT&T and T-Mobile wouldn't have gotten blocked a couple of years ago.
I had actually somehow managed to forget about that. What a great thing that was blocked. Amazing what a little competition can do. T-Mobile constantly putting pressure on the duopoly and stealing subs.
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