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AT&T to buy Time Warner for $85.4 billion

Forums - General Discussion - AT&T to buy Time Warner for $85.4 billion

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So yeah, AT&T is officially buying Time Warner for $85.4 billion. There's more at the source, but here's a snippet to give you an idea what this is about:

AT&T and Time Warner Inc. have made their rumored merger official, with AT&T to purchase the media company for $85.4 billion in cash and stock. The total transaction value is $108.7 billion when factoring in Time Warner's debt.

AT&T's announcement Saturday evening listed some of the many media properties the company will own if the merger is allowed by US regulators. Time Warner Inc. has been completely separate from its former subsidiary, Time Warner Cable (now owned by Charter), since 2009.

"Each of Time Warner’s three divisions is an industry leader: HBO, which consists of domestic premium pay television and streaming services (HBO Now, HBO Go), as well as international premium and basic pay television and streaming services; Warner Bros. Entertainment, which consists of television, feature film, home video and videogame production and distribution," AT&T said. "Warner Bros. film franchises include Harry Potter & DC Comics, and its produced TV series include Big Bang Theory and Gotham; Turner consists of US. and international basic cable networks, including TNT, TBS, CNN and Cartoon Network/Adult Swim. Also, Turner has the rights to the NBA, March Madness and MLB. Time Warner also has invested in OTT [over-the-top] and digital media properties such as Hulu, Bleacher Report, CNN.com and Fandango."

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Source: Ars Technica

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That's a pretty big deal, I'd say. I'm not a fan of these huge mergers myself, because it concentrates so much everything into fewer and fewer hands.  I also consider it harmful for competition because there will be less competing companies.



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Verizon, AT&T, Sprint, and T-Mobile will have a combined debt of over 300 billion if this deal is approved. Watch out, this could be the next industry to need a bailout in the event of another recession.



Lifetime Sales Prediction - 6/29/2013
Wii U - 38 million
XBOX One - 88 million
Playstation 4 - 145 million

That`s a LOT of money!!!! :O



Bet Shiken that COD would outsell Battlefield in 2018. http://gamrconnect.vgchartz.com/post.php?id=8749702

RIP

One step closer to a monopoly.



    

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Sony needs to acquire T-Mobile or something to grow their company.



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Can I haz 1 million?



Fairly bad news for the industry I mean the consumer as the majority of "options " now all belong to the same company just with a different name



Fancy hearing me on an amateur podcast with friends gushing over one of my favourite games? https://youtu.be/1I7JfMMxhf8

BasilZero said:
RIP

One step closer to a monopoly.

This. So sad.

It's a mess to watch Game of Thrones on HBO Now in Canada without a subscription to a carrier, I'd hate for Americans to have to suffer that kind of disservice as well.



Conglomeration is bad. Too many valuable brands, patents and IPs in too few hands.



http://www.youtube.com/watch?v=F1gWECYYOSo

Please Watch/Share this video so it gets shown in Hollywood.

85.4 what?