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CONFIRMED: AT&T Purchases Time Warner For $85.4 Billion |
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Sunday, 23 October 2016 07:38 |
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AT & T will soon own Time Warner, which means they control all of that company's subsidiary assets like HBO, TNT, DC Comics, Warner Bros., Cartoon Network, Warner Bros. Interactive Entertainment (video games) and 1/2 of The CW.
AT&T chairman and CEO Randall Stephenson stated in an official press release, "This is a perfect match of two companies with complementary strengths who can bring a fresh approach to how the media and communications industry works for customers, content creators, distributors and advertisers."
Time Warner Chairman and CEO Jeff Bewkes added, "This is a natural fit between two companies with great legacies of innovation that have shaped the modern media and communications landscape, and my senior management team and I are looking forward to working closely with Randall and our new colleagues as we begin to capture the tremendous opportunities this creates to make our content even more powerful, engaging and valuable for global audiences."
Both CEO's stated that they expect the deal to be Read more: |
