AT&T, the US’s second largest wireless telecommunications company, agreed to acquire media powerhouse Time Warner over the weekend in a deal worth $85bn. One of the largest acquisitions of all time, the deal brings together Time Warner’s content brands including HBO, CNN and Warner Bros with AT&T’s portfolio of mobile, broadband and satellite TV services – the company has more than 130 million mobile phone customers and 25 million pay-TV subscribers through DirecTV. AT&T’s CEO Randall Stephenson said the deal would enable the two companies to move quicker and operate better in a world where people increasingly access content on their mobile devices.
Read more at https://www.theguardian.com
Read more at https://www.theguardian.com
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