AT&T strikes deal to buy Time Warner for $85.4billion, regulators yet to approve

‘Telecommunications giant AT&T announced Saturday it has sealed a deal to acquire the Time Warner media conglomerate in a stock-and-cash merger deal after it was unanimously approved by the boards of the two companies.
Time Warner boasts a large portfolio of cable networks, including CNN, HBO, which airs the Game of Thrones television series, as well as Warner Brothers, producer of such landmark film franchisers and TV series as Harry Potter and the Big Bang Theory.
“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,” AT&T CEO Randall Stephenson said in a company statement.’
Read more: AT&T strikes deal to buy Time Warner for $85.4billion, regulators yet to approve