Time Warner Shares Crash On Rumors Of Merger Issues
The American market reacted very painfully to the news of possible problems with the merger of Time Warner and AT & T. According to The Hollywood Reporter, in just one month, Time Warner's shares plummeted by 15 percent, and at the time of this writing, the company's market value has dropped to $ 68 billion, that is, it turned out to be almost $ 20 billion less than AT & T in 2016. It is noted that just a few weeks ago the management of the parties was convinced that all legal formalities would be settled by the end of 2017, and Time Warer shares were quoted on the exchange at $ 103 apiece. But by November 14, their cost dropped to $ 87.5. Recall that earlier it became known that that the US Department of Justice intends to challenge the merger of the two companies in court. It has been argued that regulators demanded that the new owners sell CNN and its entire infrastructure. It has been suggested that the claims are based on a conflict with US President Donald Trump's television channel, who had repeatedly characterized CNN before his election as head of the White House as a "source of false news". AT & T has vehemently denied the sale of CNN. who, even before his election as head of the White House, repeatedly characterized CNN as a "source of false news." AT&T representatives vehemently denied the sale of CNN.who, even before his election as head of the White House, repeatedly characterized CNN as a "source of false news." AT & T have vehemently denied the sale of CNN.The Topic of Article: Time Warner Shares Crash On Rumors Of Merger Issues. |
