AT & T is ready to take over Time Warner for 78 billion euros

Oct

23

2016

US telecoms giant AT & T is planning to acquire media company Time Warner converted 78 billion. The question is whether the US market watchdogs will approve the takeover, since it involves two very large companies.

The decision has already been approved by both boards of directors. When Time Warner debts are included, the acquisition price amounts to approximately EUR 100 billion, it calculates Ars Technica. Or the acquisition proceeding is still not definitive. In taking over the past tried AT & T for example, T-Mobile, but that plan fell into the water. US telecoms authority would include not give a green light for the deal. That cost the telcos when 3 billion. AT & T and Time Warner want to have around the transaction before the end of 2017.

Time Warner is divided into three divisions. The two are well-known HBO, the television channels are also available in the Netherlands and Warner Bros. Entertainment, publisher of games like the Arkham series and the Dark Knight movie trilogy. Finally, there is the Department of Turner Broadcasting, which distributes television channels such as CNN and Cartoon Network.

AT & T is currently the second largest provider of mobile telecommunications services in the US, with around 130 million subscribers. The leader Verizon is there with about 140 million subscribers. AT & T also has a section called DirecTV television, it has in 2014 acquired for 35 billion euros.

AT & T says excited about the merger of its large distribution network with the large amount of content production from Time Warner. The company sees the possibility to provide more content without the need telco license for it to pay its mobile customers. This also goes back accompanied by new opportunities to earn advertising fees.

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