AT&T Finalizes Acquisition of Time Warner
AT&T today said it has completed its purchase of Time Warner, a deal originally valued at $85.4 billion when it was announced in October 2016. Earlier this week, a U.S. judge sided with AT&T after the Justice Department sued the company to block the deal. After losing the case, the Justice Department made no further recommendations against the deal and AT&T wrapped up the legal paperwork quickly. Time Warner — and now AT&T — owns Warner Bros., HBO, and Turner, which in turn owns CNN and other media properties. "Combine [Warner's content] with AT&T’s strengths in direct-to-consumer distribution, and we offer customers a differentiated, high-quality, mobile-first entertainment experience," said Randall Stephenson, chairman and CEO of AT&T in a prepared statement. “We’re going to bring a fresh approach to how the media and entertainment industry works for consumers, content creators, distributors and advertisers." Many fear the deal will lead to less choice and higher prices for consumers. Moving forward, AT&T will consist of four core businesses: AT&T Communications (mobile, broadband), AT&T media (Turner, HBO), AT&T International (mobile in Mexico), and AT&T's advertising and analytics. AT&T says it will create a formal name for this last business unit later in the year. John Donovan will serve as CEO of AT&T Communications, John Stankey will serve as CEO of AT&T’s media business, Lori Lee will serve as CEO of AT&T International, and Brian Lesser will serve as CEO of AT&T’s ad and analytics business. All four will report to Randall Stephenson, who remains chairman and CEO of AT&T Inc.
Jul 19, 2018
The Justice Department has asked the D.C. Circuit Court of Appeals to prioritize its appeal against last month's decision regarding AT&T's acquisition of Time Warner.
Jun 12, 2018
AT&T today was given permission to buy Time Warmer with no conditions and no divestitures. The ruling was handed down by U.S.
Jun 7, 2018
The U.S. Department of Justice is exploring what impact the proposed merger of Sprint and T-Mobile will have on smaller carriers and MVNOs.
Oct 1, 2018
California Governor Jerry Brown signed legislation on Sunday that made net neutrality the law, but the state was quickly sued by the U.S. Department of Justice.
Apr 16, 2019
Justice department staff reviewing the proposed merger between T-Mobile US and Sprint have informed the two companies that they're disinclined to approve the merger as currently proposed, on antitrust grounds, according to the Wall Street Journal. The $26 billion deal would reduce competition and likely lead to lost jobs in the long run, although T-Mobile and Sprint claim otherwise.
So the new Company will be called?
Like primates at the zoo.
Throwing feces at each other.