AT&T to buy Time Warner for $85.4 billion

After no small amount of anticipation, it’s official: AT&T has announced that it’s acquiring Time Warner for the equivalent of $85.4 billion in cash and stock. The move gives one of the US’ largest telecoms control over some of the biggest names in movies and TV, including HBO, Turner (think CNN) and Warner Bros.

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Source: AT&T

Source: Engadget - Read the full article here

Author: Daily Tech Whip

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