AT&T Buys Time-Warner For More Than $85 Billion
Source: SAUL LOEB / Getty
According to reports,
AT&T agreed to buy Time Warner in a deal valued at more than $85 billion, creating a new giant capable of producing content and distributing it to millions with wireless phones, broadband subscriptions and satellite TV.
The acquisition of Time Warner—which owns HBO, TNT, CNN, Warner Bros., and more—moves AT&T into the entertainment business as its traditional wireless business fails to grow.
Uh oh. Comcast and Charter better watch out! LOL
