AT&T Reaches Out to Time Warner
The Journal also AT&T has reached a deal to buy Time Warner for more than $85 billion in what would become a corporate merger. The Wall Street Journal reported Saturday, October 22nd, 2016 .
The merger could see AT&T gain ownership over a of household names. Time Warner — not to be confused with Time Warner Cable, which sold itself to Charter Communications earlier this year — owns HBO, CNN, Warner Bros. movie studio, the D.C. Comics brand, a highly profitable video game studio, among many other properties, added The Journal.
¨ The potential merger highlights one of the most definitive trends of the modern media business: the push from tech and telecommunications giants to control the lucrative, popular content they once passively supplied,” according to npr.com.
For Time Warner, the deal represents a victory for owner Mr. Charter Bewkes, 64, who took some heat from investors for rebuffing a takeover bid two years ago from 21st Century Fox at $85 a share. 21st Century Fox and Wall Street Journal-owner News Corp share common ownership, stated Wallstreetjournal.com.
Noah Finn • Nov 9, 2016 at 5:44 pm
Interesting, I had no Idea there was a Time Warner.