Archived Thread

NFT: AT& T Agrees to Buy Time Warner for More Than $80 Billion

gidiefor : Mod : 10/22/2016 2:40 pm

Quote:

AT& T has agreed to buy Time Warner for more than $80 billion, a person briefed on the matter said on Saturday, a move that would create a new colossus in the worlds of media and telecommunications.

The proposed transaction could be announced as soon as Saturday evening, this person added.

The potential union would probably face heavy scrutiny from government regulators, who have shown increasing skepticism about such mega-mergers.

- more -
Link - ( New Window )

Obviously I'm wrong

old man : 10/22/2016 2:42 pm : link

But I thought TW was bought by Comcast. Guess that fell through.

yes

giantfan2000 : 10/22/2016 2:47 pm : link

this one will never get approved by Justice Dept

RE: yes

Ron from Ninerland : 10/22/2016 2:56 pm : link

In comment 13184759 giantfan2000 said:

Quote:

this one will never get approved by Justice Dept

We can only hope.

RE: Obviously I'm wrong

BrettNYG10 : 10/22/2016 2:59 pm : link

In comment 13184757 old man said:

Quote:

But I thought TW was bought by Comcast. Guess that fell through.

You're thinking of Time Warner Cable - that deal fell apart. TWC merged with Charter.

AT&T is buying Time Warner - which owns HBO, Turner, CNN, etc.

Charter bought TW Cable

Eli Wilson : 10/22/2016 3:00 pm : link

A few months ago. I'm not sure if this deal includes cable TV, or not.

Jints in Carolina : 10/22/2016 3:28 pm : link

The rich

spike : 10/22/2016 8:26 pm : link

Gets richer

RE: The rich

GentleGiant : 10/22/2016 9:15 pm : link

In comment 13184955 spike said:

Quote:

Gets richer

I know a Steve that can make a Case against that

And yet we have some of the shittiest Cell-phone coverage

montanagiant : 10/22/2016 10:16 pm : link

in all of the world.

They have that kind of cash, why are they not beefing up the cell phone infrastructure?

This is a huge deal to me

Scyber : 10/23/2016 11:20 am : link

The company I work for was just acquired by Warner Brothers earlier this year. We had just settled into where we fit in that organization. Have no idea where we will fit into at&ts plans. I assume it will take a few months to clear regulator's...but still could be bad for me.

The federal government

Deej : 10/23/2016 11:45 am : link

wised up to the problem with mergers far too late, but at least they've done it. The promise of cost savings passed down to consumers turned out to be a constant joke.

....

BrettNYG10 : 10/23/2016 11:58 am : link

Good luck, Scyber. Hope you make out okay.

Deej, my understanding is the NBC/Comcast deal had conditions too hard to properly monitor. I think the FCC putting pressure on TWC/Comcast was the right move. I suspect the next administration (regardless of who wins) will be tougher than the current one. I think this deal is a bit more up in the air of going through than consensus seems to think.