It’s time to buy, if you’re a major corporation. No one’s been trying to buy more things than AT&T, and nobody’s been trying to get bought up more than Time Warner. Charter tried to buy Time Warner and failed. Comcast tried to buy Time Warner and failed. AT&T tried and failed to buy T-Mobile, but AT&T was successful at buying DirecTV. Now, it looks like Time Warner has found the perfect partner to dance with in the former American Telephone and Telegraph. AT&T is going to buy Time Warner for $80 billion dollars.
That’s a pretty big deal for both companies, particularly AT&T. After all, they already have DirecTV, who they are working on a streaming-only television service with, and now they have a whole lot of television networks to bring on board with their offering. Time Warner owns HBO, Cinemax, CNN, HLN, TNT, TBS, Cartoon Network, Turner Classic Movies, truTV, Turner Sports, and The CW, among other stations. They also own Warner Brothers movies, DC Comics and Entertainment, New Line, Hanna-Barbera, a chunk of Hulu, and a whole bunch of other online properties.
Of course, there’s still a big regulatory hurdle to clear, and the US government tends to take very close looks at these sorts of mergers. I guess we’ll all find out if this will be approved or if it will go the way of all the other failed mergers AT&T and Time Warner have been part of.
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