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