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AT&T to buy Time Warner for USD 85 billion

2016-10-23 11:27:00| Telecompaper Headlines

(Telecompaper) AT&T has agreed to acquire the media group Time Warner for a combination of cash and stock worth USD 85 billion. After expanding to Mexico and acquiring satellite TV provider DirecTV last year AT&T is looking to video content for its next area of growth, acquiring with Time Warner assets such as HBO, CNN, TNT and the Warner Bros film studio. AT&T said the combination will mean networks to deliver "world's best premium content" to every screen.

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Category:Telecommunications

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