AfterDawn: News

AT&T offers $85 billion to acquire Time Warner

AT&T, fresh off their massive $48.5 billion acquisition of DirecTV, has now offered $85 billion to purchase Time Warner Inc.

The deal, which would be one of the largest in history, would give the massive telecom company the movie studio Warner Bros, TV channels like HBO and TNT and a plethora of other media assets like a stake in Hulu.



AT&T offers wireless and broadband services, as well as satellite TV services now thanks to DirecTV.

It is unclear how the company will pay for the acquisition. AT&T currently has $7.2 billion in cash and $120 billion in debt so it will likely have to line up expensive financing to pay for this deal. There are also regulatory questions given AT&T's size and the chance for monopoly.

Time Warner's board would also have to approve the acquisiton which is not a given since the company rejected an $80 billion bid from rival Fox in 2014.

Source:
Reuters

Written by: Andre Yoskowitz @ 22 Oct 2016 12:35

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• 9 comments

• KillerBug

  "Chance for monopoly"??? Both companies are already monopolies, combining them would be absurd. This was the whole reason ma-bell was broken up in the first place.

  22.10.2016 13:25 #1

• fb2075

  How can at&t acquire Time Warner if Charter already did?
  

  22.10.2016 15:58 #2

• 12welve

  Originally posted by fb2075: How can at&t acquire Time Warner if Charter already did? Charter acquired Time Warner "Cable" NOT Time Warner Inc.

  22.10.2016 17:03 #3

• fb2075

  Originally posted by 12welve: Originally posted by fb2075: How can at&t acquire Time Warner if Charter already did? Charter acquired Time Warner "Cable" NOT Time Warner Inc. Ah, I see now. Thanks.
  

  23.10.2016 18:02 #4

• hearme0

  Originally posted by 12welve: Originally posted by fb2075: How can at&t acquire Time Warner if Charter already did? Charter acquired Time Warner "Cable" NOT Time Warner Inc. Thanks for the clarification!
  
  
  This is even worse than buying TWC........and this CANNOT be allowed to happen!

  24.10.2016 13:58 #5

• biglo30

  Originally posted by KillerBug: "Chance for monopoly"??? Both companies are already monopolies, combining them would be absurd. This was the whole reason ma-bell was broken up in the first place. I was coming here to say that same thing!!! Their allowing AT&T to do exactly what they were doing before which doesn't make any sense. SMFH
  

  
  

  25.10.2016 10:31 #6

• Blackjax

  Originally posted by KillerBug: "Chance for monopoly"??? Both companies are already monopolies, combining them would be absurd. This was the whole reason ma-bell was broken up in the first place. Actually both are not monopolies. Hence the existence of Verizon, T Mobile, Fox, etc, etc.
  

  Remember no matter how much you know someone else knows more than you do!
  Fav Quote "Con is the opposite of Pro so CONgress must be the opposite of PROgress!!!!"
  

  27.10.2016 00:28 #7

• Blackjax

  Before you all start to pile on...
  All these companies are doing the same thing. That old monopoly as we knew it in the past is done. Why do think they put the brakes on the T-Mobile deal! All these big companies are attempting to morph into entertainment giants.
  

  Remember no matter how much you know someone else knows more than you do!
  Fav Quote "Con is the opposite of Pro so CONgress must be the opposite of PROgress!!!!"
  

  27.10.2016 00:43 #8

• adre02

  Why is TW trying to sell off?
  

  This is superman

  29.10.2016 17:55 #9