• AT&T's Time Warner Acquisition Is Official

    4 days ago - By Android Headlines

    AT&T's Time Warner acquisition is official, costing the U.S.' second-largest wireless carrier in the amount of $85 Billion to snatch up the mega media corporation which includes brands like Turner, Warner Bros., and HBO, all three of which are massive entertainment networks with some pretty big content under their belts. With these sorts of brands (which CEO Randall Stephenson refers to as first-rate) under AT&T's already extensive umbrella, AT&T is looking to bring some competition and change to the media industry. Stephenson notes that as a result of the Time Warner acquisition and by...
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  • AT&T Completes Acquisition of Time Warner

    AT&T Completes Acquisition of Time Warner

    4 days ago - By Mac Rumors

    AT&T this afternoon announced that it has completed its acquisition of Time Warner, just two days after a U.S. District Court Judge ruled that the merger could move forward .
    "The content and creative talent at Warner Bros., HBO and Turner are first-rate. Combine all that with AT&T's strengths in direct-to-consumer distribution, and we offer customers a differentiated, high-quality, mobile-first entertainment experience," said Randall Stephenson, chairman and CEO of AT&T Inc. "We're going to bring a fresh approach to how the media and entertainment industry works for consumers, content...
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  • Justice Department Won't Appeal AT&T/Time Warner Ruling

    4 days ago - By Android Headlines

    The Department of Justice has announced that it will not seek an appeal on the ruling in the AT&T and Time Warner case that was made earlier this week. That may come as a surprise to many, but that means that AT&T is able to go through with the merger, and even expects to close the deal by Friday. Judge Richard Leon on Tuesday, announced that Time Warner could merge with AT&T for $85.4 billion. This merger was actually announced nearly 20 months ago, making this a very long and drawn out process, but the government wanted to block this vertical merger - and it was something that Trump...
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  • AT&T gets approval to buy Time Warner for $85 billion; deal tentatively closes June 20th

    AT&T gets approval to buy Time Warner for $85 billion; deal tentatively closes June 20th

    4 days ago - By Phone Arena

    AT&T has just increased its standing as a media giant after U.S. District Judge Richard Leon's ruling today that paves the way for the company to complete its purchase of Time Warner for $85 billion. The transaction will close on June 20th and makes AT&T the new owner of CNN, HBO, TNT and TBS. It also gives the company ownership of the iconic Time Warner movie studio and a large inventory of film titles including the Batman and Harry Potter series.
    UPDATE: The DOJ has decided not to appeal the approval of the AT&T-Time Warner merger and will no longer challenge ...
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  • US Antitrust Chief Is Unphased After Losing The AT&T/Time Warner Case

    4 days ago - By Android Headlines

    This week, Judge Richard Leon made his decision in the AT&T/Time Warner merger, and sided with AT&T to allow the two companies to merge, and surprisingly, without any conditions attached. That was a big loss for the head of the antitrust division in the Justice Department, Makan Delrahim, and arguably Delrahim's biggest loss of his career. Delrahim stated after the ruling came out that he has taken an oath to uphold competition, also mentioning that he and his team will be reviewing the judge's opinion here and look towards the next steps.
    Despite losing the case, Delrahim is actually...
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