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AT&T Completes $85 Billion Time Warner Acquisition (axios.com)

Posted by msmash on from the done-deal dept.

AT&T on Thursday evening said that it has completed its $85 billion purchase of Time Warner, just two days after a judge ruled that the deal, originally announced two years ago, could proceed over objections from U.S. antitrust regulators. From a report: The Department of Justice did not file for an emergency stay of the judge's ruling, per the judge's request, but still reserves the right to appeal. In a statement, Randall Stephenson, chairman and chief executive of AT&T said moving forward his company will bring a fresh approach to how the media and entertainment industry works for consumers, content creators, distributors and advertisers. "The content and creative talent at Warner Bros., HBO and Turner are first-rate. Combine all that with AT&T's strengths in direct-to-consumer distribution, and we offer customers a differentiated, high-quality, mobile-first entertainment experience," he said.

5 of 87 comments (clear)

  1. Much ado about nothing by alvinrod · · Score: 5, Insightful

    I suspect that this will probably work out about as well as the AOL / Time Warner merger back around 2000. A lot of hullabaloo in the press and middle management from both sides sabotaging the supposed "synergistic experience" that the merger is designed to create over fear of becoming redundant as a result. You'll have executives who might know a fair bit about one field trying to make business decisions in another where they're no more knowledgeable than the average person off the street, and the results are all too predictable.

  2. Up Next by mentil · · Score: 5, Insightful

    As promised, now that the AT&T/Time Warner deal was judge-approved, expect the Sprint/T-mobile deal to move forward. And for Fox to be bought by Disney or Comcast.
    By the time we have flying cars, there'll just be 3 conglomerates that one can work for, Shadowrun-style.

    --
    Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
    1. Re:Up Next by youngone · · Score: 4, Insightful

      By the time we have flying cars, there'll just be 3 conglomerates that one can work for, Shadowrun-style.

      That's the end goal of capitalism, unless it is regulated.
      Unfortuntely the corporations own those who appoint the regulators, so guess what is going to happen?
      You could view it as a good thing though, you won't need to go through all the worry and stress of having to choose. There will be one provider of any goods or services you may want.

      That's capitalism at it's most efficient right there.

    2. Re:Up Next by psycho12345 · · Score: 4, Insightful

      Which they traded for the worst kind of regulation: Pay Trump, and you can do anything you want. See the multitude of bribes being paid to Cohen, as well as the variety of payments to Trump properties worldwide.

    3. Re:Up Next by Anonymous Coward · · Score: 3, Insightful

      Um... Trump took donations pretty quickly when he started running and he is getting in trouble for using that to pay for his other stuff as well from what I hear just like how he is in trouble using his charity as a slush fund.

      And deregulation isn't always a good thing and overall, Trump seems to be trying to get rid of regulations you want to keep while trying to keep the regulations you want to get rid of. Just going into those details would turn this into a frigging book he is screwing up so much.