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US: AT&T to buy Time Warner for $85 billion, and raising antitrust concerns

By  |  October 23, 2016

AT&T made a deal to buy Time Warner for $85 billion, which would make it the nation’s largest entertainment company and a major force in Hollywood, a person familiar with the deal said Saturday.

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    The agreement, which was sealed at breakneck speed and expected to be announced late Saturday, accelerates the wave of consolidation in the telecommunications and media industries.

    AT&T agreed to pay about $107 a share to Time Warner investors in the cash-and-stock deal, the source said.

    By adding Time Warner’s expansive portfolio, which includes Hollywood’s largest film and television studio, War.

    Full Content: The Wall Street Journal

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