AT&T's proposal to buy Time Warner Inc's media division for $85.4 billion is now final. Announced on the company's press site, the deal settled at $107.50 per share and was half cash and half stock. This will give AT&T possession of cable networks such as CNN, TNT, and HBO as well as Warner Bros. film and TV studio. AT&T CEO Randall Stephenson will continue to head the company and Time Warner CEO Jeff Bewkes will remain for an interim period then depart.
This puts AT&T/Time Warner alongside Comcast/NBC Universal as companies that control large cable or telecom pipes and content houses to produce media to distribute on them. According to the Wall Street Journal, many regulators have expressed misgivings about the approval of the Comcast-NBC U deal and a "rigorous regulatory review" is expected. The deal, if approved, isn't likely to close until late 2017.
This shouldn't have any effect on AT&T's mobile business, outside of any content distribution they may choose to offer.
We may earn a commission for purchases using our links. Learn more.
Remarkable 2 review: The writing tablet that changed my life
The Remarkable 2 is one of those products you don't think you'll like, or need, until you use it — and then you're absolutely addicted to it.
Samsung's not-so-secret plan to beat Apple is about leaving Qualcomm behind
It's a matter of when not if we'll see Samsung go all-Exynos, and seeing a powerful new breed of Exynos SoC would mean good things for Samsung phones and their competition.
Netflix StreamFest: How to watch Netflix for free right now in India
Netflix StreamFest is a 48-hour streaming festival where everyone in India will be able to access the streaming service for free. All you need to do is set up an account and stream all the TV shows and movies that Netflix has to offer without paying anything. Here's how to watch Netflix for free in India during StreamFest.
Snag one of these and rest easy with the best LG Stylo 6 cases you can find
The LG Stylo 6 is an all-around solid device from LG, without trying to do too much. There's an almost bezel-less display to go along with three rear cameras found above the rear-mounted fingerprint scanner. Once you have a Stylo 6 in your hands, it's time to grab a case to protect your investment.