AT&T takeover of Time Warner postponed
AT & T's $ 85 billion takeover of Time Warner has been postponed. According to The Hollywood Reporter, the official reason is the lack of approval of the deal by the US Department of Justice. The parties are said to have agreed to extend the process of merging the two companies "for some time", which will be required to agree on all formalities ... Earlier it was expected that the purchase would be approved in the first decade of October 2017. Recall that Time Warner was sold by shareholders for $ 85 billion in October 2016. She owns assets such as Warner Bros. TV channel CNN, entertainment TV channels HBO, TBS and TNT. It was assumed that after the merger of AT & T and Time Warner will form one of the largest media companies in the world. She will have at her disposal premium content, which includes not only a library of full-length movies from Warner Bros. studio, but also popular HBO series, including Game of Thrones, True Detective, Westworld and many others. Note that in 2014 the head of Time Warner Jeff Bewkes rejected a similar proposal by billionaire Rupert Murdoch, convincing shareholders that the company subordinate to him should remain independent. The Topic of Article: AT&T takeover of Time Warner postponed. |
