Tough Scrutiny Ahead For AT&T's $85.4B Time Warner Buy
Law360, New York (October 24, 2016, 8:16 PM EDT) -- AT&T’s $85.4 billion takeover of Time Warner is poised for an intensive antitrust review further complicated by the current political environment, with the outcome hinging on how effective the conditions placed on Comcast’s NBCUniversal acquisition are seen to be, experts say.
The $107.50-per-share cash-and-stock transaction, announced Saturday, will join New York City-based Time Warner Inc.’s library of content — which includes HBO, Warner Bros., TBS, TNT and CNN — with Dallas-based AT&T Inc.’s huge subscriber base. AT&T has billed the deal as an opportunity to unite a content powerhouse with a major distributor to create an all-around more competitive player that...
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