AT&T wants to take the acting industry entertainment company Time Warner. Leading mobile operator and cable TV provider in the United States should pay the owner, in particular, television, HBO, Hollywood Studio Warner Bros and Time magazine, more than 85 billion dollars. If the deal goes through, it will go down in history as one of the largest in the world.
Telecommunications company AT&T has 140 million subscribers in North America, and the acquisition of Time Warner has to diversify its activities. The company is also one of the largest cable operators in the United States. Head Randall Stephenson noted that the merger is the joining of an “additional forces”. Thus, the operator will be able to reach its subscribers with new content. The acquisition is a continuation of activities in this field. Previously, AT&T bought for $ 50 billion DirecTV, provider of satellite television, which has 25 million subscribers.
the value of the transaction agreed between AT&T and Time Warner is 85.4 billion dollars, giving a price of $ 107 per share. Half of the funds existing shareholders of the acquired company will receive cash and half in shares in the telecommunications company.
Buying Time Warner will give her the opportunity to supply not only entertainment, but also its production. Assumes the company has a broad portfolio in the industry of television and film. Refers to it, in particular, television HBO, Cinemax, Cartoon Network Media, and this film company Warner Bros. along with the rights to blockbuster movies such as “Lord of the Rings,” “Batman” “Superman” or the history of Harry Potter. It includes a satellite information CNN and magazines such as “Time”, “Fortune” and “People”.
Apple and Twenty-First Century Fox was not given of the Board
Previously, the company Time Warner was interested in the manufacturer of iPhone. A deal with Apple, however, failed to finish. Previously, Jeff Bewkes, head of Time Warner, also rejected offers to buy the business in the Twenty-First Century Fox for $ 80 billion. As you can see, the only location on the table another $ 5 billion is brought by the buyer expected results.
Maneuver the entrance to the market of entertainment applied earlier Comcast. Provider, particularly cable television company bought NBC Universal, owner of Universal studios and NBC.
Required consent
the Transaction is expected to be completed in 2017, but for this to happen, you need a compatible the U.S. Department of justice, who will assess whether the merger of two such large companies would not violate competition on the market.
Officials had not immediately agreed to the engagement, what he wanted to do AT&T. the Five years ago has been blocked it will connect to T-Mobile. About buying Time Warner also said Donald trump during a Saturday speech in the presidential campaign. According to him, such arrangements violate democracy, and if the head of state, this will lead to the cancellation of a transaction. He also appreciated the combination of Comcast with NBC Universal.
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