AT&T wants to buy Time Warner for $85 billion

In one of the biggest media acquisitions of all time, AT&T wants to buy Time Warner, in what is an $85 billion deal. This will enable the carrier to expand beyond being a telecommunications company and allow it to offer the media company's wealth of content to its customers, as it is currently the parent company of CNN, TNT, HBO and Warner Bros. AT&T will pay $107.50 per share of Time Warner's stock, which is a large premium compared to what the stock was trading for the previous week. Overall, the deal is valued at $109 billion, when the media… [Continue Reading]