AT&T Just Bought Time Warner For A Whopping $85.4 Billion

This is the real Game of Thrones.

AT&T Just Bought Time Warner For A Whopping $85.4 Billion
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AT&T is a massive telecommunications conglomerate located in Dallas, Texas. In the United States, AT&T has managed to become a behemoth in providing mobile phones and fixed telephone services.

This year, AT&T was noted as one of the world's biggest telecom operators, especially since it has around 130 million customers. Moreover, it looks like the conglomerate is ready to dominate other industries. Do you know what they're currently up to? Read on!

AT&T Inc. is now a certified media giant after acquiring Time Warner.

AT&T Inc. is now a certified media giant after acquiring Time Warner.

I am a big fan of Time Warner since they own HBO, Cartoon Network, DC Comics, and CNN, among others. They are responsible for giving us Adventure Time, Game of Thrones, and future adaptations of our favorite DC superheroes.

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AT&T bought Time Warner for a staggering $85.4 billion.

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Specifically, AT&T promised to buy Time Warner shares for $107.50 each. Half will be paid in cash while the remaining half will be sent as stocks.

The deal will be completed by 2017.

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Since a new company will rise from the two conglomerates, Randall Stephenson has stepped up to head the business. Stephenson is the current chief executive of AT&T.

Time Warner CEO Jeff Bewkes will help in the transition phase.

Time Warner CEO Jeff Bewkes will help in the transition phase.
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Jeff Bewkes has been the CEO since the 1st of January 2008.

AT&T will soon have control of Time Warner's media assets.

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Two of the most lucrative assets are the HBO network and the Warner Bros film and television studio.

The American conglomerate is betting on the wireless market.

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Stephenson believes that premium content has always been a successful venture.

Time Warner and AT&T hope to compete against cable companies soon.

Time Warner and AT&T hope to compete against cable companies soon.
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If you're wondering how they'll do this, they said that they will provide online-video bundles similar to TV packages.

Time Warner's Jeff Bewkes is really proud of this acquisition.

Time Warner's Jeff Bewkes is really proud of this acquisition.
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He was heavily criticized by investors two years ago for rejecting the bid of 21st Century Fox to acquire Time Warner at $85 per share.

Stephenson argued that regulators should not be worried about the deal.

Stephenson argued that regulators should not be worried about the deal.
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Regulators are concerned whenever a competitor is eliminated, but AT&T simply bought Time Warner as a supplier.

This isn't the first time Time Warner has merged with another industry giant.

This isn't the first time Time Warner has merged with another industry giant.
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In 2000, Time Warner managed to merge with AOL. This deal was both ambitious and questionable.

All of the Time Warner executives are expected to stay after the merge has been done.

All of the Time Warner executives are expected to stay after the merge has been done.
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Mr. Bewkes reassured that the deal will not negatively affect the work opportunities of Time Warner's team.

The future of mobile content looks bright!

The future of mobile content looks bright!
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Both AT&T and Time Warner are confident that their new company will disrupt the old model of TV entertainment and allow mobile customers to experience better content.

Do you think AT&T's decision is correct?