Home General Various News AT&T To Buy Time Warner For $85.4 Billion

AT&T To Buy Time Warner For $85.4 Billion

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The US telecoms giant AT&T has reached an agreement to purchase entertainment group Time Warner for nearly $86bn. The deal was announced on AT&T’s press site, revealing that the company will pay $107.50 for each Time Warner share, in a combination of cash and stock.

The deal, which is one of the biggest media mergers in history, will be subject to a review by government regulators, and could take more than a year to complete. Through the acquisition, AT&T would acquire HBO, Turner Broadcasting System and Warner Bros, which would give them ownership of television channels, publications and websites.

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