AT&T Is Buying Time Warner for More Than $80 Billion USD

The deal includes HBO, Warner Bros. and DC Comics.

Tech
3,969 Hypes 0 Comments

Telecommunications giant AT&T has reached a deal to buy Time Warner for more than $80 billion USD, according to The Wall Street Journal. The reported transaction could be announced as soon as Saturday evening, with shares of Time Warner being purchased between $100 and $105 USD. AT&T currently has millions of wireless and paid television subscribers, which gives it natural synergies with Time Warner’s media and entertainment properties that include heavy-hitters like HBO, CNN, Warner Bros. film and TV studios, and DC Comics. As one of the largest mergers between content and distribution since Comcast bought NBCUniversal, government regulatory agencies are sure to scrutinize this colossal acquisition, with numerous conditions placed on the agreement.

AT&T reportedly needed a major media acquisition to scale its deeper focus on video and content in recent years. Other companies like Walt Disney Co., 21st Century Fox, CBS, or Viacom were either too large to acquire or had deep family ties that would make it difficult, which is why Time Warner made sense for the conglomerate. While the entire process likely won’t close until the end of 2017, this is the biggest media deal we’ve seen in recent years.

Read Full Article

What to Read Next

Man Sentenced to 12 Years in Prison After Unlocking 1.9 Million AT&T Phones
Tech

Man Sentenced to 12 Years in Prison After Unlocking 1.9 Million AT&T Phones

Causing the company to lose $201.5 million USD.

Sony's Funimation Completes $1.175 Billion USD Acquisition of Crunchyroll from AT&T
Entertainment 

Sony's Funimation Completes $1.175 Billion USD Acquisition of Crunchyroll from AT&T

Paid in cash at closing.

Picasso's Paintings Sell for More Than $100 Million USD at Sotheby's Auction
Art

Picasso's Paintings Sell for More Than $100 Million USD at Sotheby's Auction

At the Bellagio Hotel and Casino in Las Vegas, where the works have been displayed for years.


Cryptocurrency Wallet Company Ledger Is Now Valued at $1.5 Billion USD
Tech

Cryptocurrency Wallet Company Ledger Is Now Valued at $1.5 Billion USD

Hitting unicorn status after a successful $380 million USD Series C funding.

This Skateboard's Griptape Is Made From a Louis Vuitton Purse
Sports

This Skateboard's Griptape Is Made From a Louis Vuitton Purse

Bringing luxury to the action sport.

Jay Z Allegedly "Can't Stand" Kanye West
Music

Jay Z Allegedly "Can't Stand" Kanye West

Is their friendship a sham?

The 'Star Wars' Stormtrooper Decanter and Shot Glass Will Let You Toast to the Dark Side
Food & Beverage

The 'Star Wars' Stormtrooper Decanter and Shot Glass Will Let You Toast to the Dark Side

Inspired by the original helmet molds created in 1976.

See Lauryn Hill Perform 'Rebel' on 'Charlie Rose'
Music

See Lauryn Hill Perform 'Rebel' on 'Charlie Rose'

An updated version of her ‘MTV Unplugged’ song.

adidas Swathes the Coveted Pure BOOST ZG in Light Grey
Footwear

adidas Swathes the Coveted Pure BOOST ZG in Light Grey

A timeless rendition.


An In-Depth Look at KAWS' "WHERE THE END STARTS" Exhibit
Art

An In-Depth Look at KAWS' "WHERE THE END STARTS" Exhibit

A retrospective of the artist’s renowned 20-year career.

Instagram Is Now Testing a Live Video Feature Called 'Go Insta!'
Tech

Instagram Is Now Testing a Live Video Feature Called 'Go Insta!'

Limited to only Russian users at this time.

Jordan Brand Unveils the Hydro "Pinnacle" Slide in Metallic Bronze
Footwear

Jordan Brand Unveils the Hydro "Pinnacle" Slide in Metallic Bronze

The third iteration of the label’s limited edition series.

CGNY's 2016 Fall/Winter Lookbook Is for the NYC Kids
Fashion 

CGNY's 2016 Fall/Winter Lookbook Is for the NYC Kids

Presented by CGNY
The restless whose days are nights.

Tom Dixon 'Yesterday, Today, Tomorrow' Retrospective Brings the Designer's Work Full Circle
Design 

Tom Dixon 'Yesterday, Today, Tomorrow' Retrospective Brings the Designer's Work Full Circle

A comprehensive look at the artist’s body of work.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.