AT&T $85.4 billion acquisition of Time Warner

23/10/2016
Public acquisition

$ 85.4 billion

Announced

23/10/2016


Overview:

  • AT&T has acquired Time Warner in a landmark $85.4 billion deal.
  • If approved, this will be the largest deal in the world for 2016.
  • The price tag comes to $107.50 per Time Warner share, of which half will be paid in cash and half paid in stock.
  • To finance the cash portion of purchase, AT&T will draw from debt and balance sheet cash.
  • The deal continues the recent trend of massive telecommunications consolidations, including the Verizon purchase of Yahoo! properties and the acquisition of Time Warner Cable by Charter Communications.
  • Even prior to this acquisition, AT&T had also been part of the wave of telecommunications consolidation, having bought DirecTV last year
  • The transaction is expected to receive a considerable amount of regulatory scrutiny.

Kurt Stumpo - Journalist

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