AT&T to Buy Time Warner for $85.4 Billion
AT&T has agreed to purchase Time Warner for $85.4 billion in a stock-and-cash deal that will merge AT&T's delivery networks with Time Warner's vast catalog of content. AT&T believes the combined companies will be able to save $1 billion per year once fully merged. The company says the acquisition will diversify its revenue mix thanks to the lower-cost, less-regulated content business from Time Warner. This will balance out the high cap-ex model currently run by AT&T and its wired and wireless networks, and DirecTV satellite service, which are all heavily regulated. The merger has been approved unanimously by both boards, but will require regulatory approval from the U.S. Department of Justice and the FCC. The transaction is expected to close before year-end 2017. The combined entity will compete with Verizon-AOL.
T-Mobile and Sprint Agree to Merge and Unite Under T-Mobile Brand and Leadership
Apr 29, 2018
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
AT&T Debuts Wireless/DirecTV Bundles
Aug 3, 2015
AT&T today rolled out combined wireless and television packages that rely on its recent acquisition of DirecTV. The basic package includes four wireless lines with unlimited talk and text with 10 GB of shared data and HD television service with up to four receivers (DirecTV or U-verse) for a combined price of $200 per month.
Justice Dept. Gives AT&T-Time Warner Judge a Way Out
May 1, 2018
The Justice Department, during closing arguments of its case against the AT&T-Time Warner merger, suddenly suggested the judge weigh "alternative" remedies should he choose not to block the deal. The Justice Department has fought against the merger from the start, saying AT&T would use Time Warner's content as a weapon against consumers, raising prices and limiting competition.
DOJ Sues to Halt AT&T/Time Warner Merger
Nov 20, 2017
The U.S. Department of Justice has sued to stop the proposed merger between AT&T and Time Warner.