Android News / AT&T News

AT&T's Time Warner Acquisition Is Official

Posted On: Jun 15, 2018   |   Posted By: Android Headlines

AT&T's Time Warner acquisition is official, costing the U.S.' second-largest wireless carrier in the amount of $85 Billion to snatch up the mega media corporation which includes brands like Turner, Warner Bros., and HBO, all three of which are massive entertainment networks with some pretty big content under their belts. With these sorts of brands (which CEO Randall Stephenson refers to as first-rate) under AT&T's already extensive umbrella, AT&T is looking to bring some competition and change to the media industry. Stephenson notes that as a result of the Time Warner acquisition and by bringing in top media brands it intends to shift how customers consume media, or more specifically how the media works for consumers as well as content creators, advertisers, and the distributors.
The merger has been a long process for AT&T, which has been trying to acquire the media corporation for nearly twenty months and only just getting approval “ with no conditions ” back on June 12 for the merger to go through. Though...

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