AT&T has announced that it intends to buy Time Warner in a deal which is worth $85.4 billion and the company will pay $107.50 per share for Time Warner.
As part of deal AT&T will pay half of the money in cash and the other half in stock and Time Warner shareholders will own between 14.4% and 15.7% of AT&T’s stock.
“This is a perfect match of two companies with complementary strengths who can bring a fresh approach to how the media and communications industry works for customers, content creators, distributors and advertisers,” said Randall Stephenson, AT&T chairman and CEO. “Premium content always wins. It has been true on the big screen, the TV screen and now it’s proving true on the mobile screen. We’ll have the world’s best premium content with the networks to deliver it to every screen. A big customer pain point is paying for content once but not being able to access it on any device, anywhere. Our goal is to solve that. We intend to give customers unmatched choice, quality, value and experiences that will define the future of media and communications
“With great content, you can build truly differentiated video services, whether it’s traditional TV, OTT or mobile. Our TV, mobile and broadband distribution and direct customer relationships provide unique insights from which we can offer addressable advertising and better tailor content,” Stephenson said. “It’s an integrated approach and we believe it’s the model that wins over time.
You can find out more details about the deal between AT&T and Time Warner at the link below, it will need to be approved by the various regulators.
Source AT&TFiled Under: Technology News