AT&T announces $85 billion Time Warner acquisition

Just as the rumors foretold, AT&T has entered a bid to buy Time Warner. In a stock-and-cash deal, AT&T is offering $85.4 billion, and when Time Warner’s debt is taken into account, the total cost of the transaction comes to $108.7 billion. AT&T is expecting the deal to be complete by the end of 2017, assuming the appropriate officials and … Continue reading