AT&T Agrees to Buy Time Warner for $85.4 Billion

Posted on:24 Oct 2016 09:48:51
AT&T Agrees to Buy Time Warner for $85.4 Billion
24 October 2016 Current Affairs: The American telecommunications giant AT&T Inc has agreed  to buy Time Warner, the home of HBO and CNN, for about $85.4 billion in a 50% cash and 50% stock deal, forming one of the largest telecommunications and media empire in the world.

The combined entity will be worth around $300 billion, making it among the top ten most valued public company in the world.

AT&T Inc. is an American multinational telecommunications conglomerate, headquartered at Whitacre Tower in downtown Dallas, Texas. AT&T is the second largest provider of mobile telephone services and the largest provider of fixed telephone services in the United States, and also provides broadband subscription television services through DirecTV. AT&T is the third-largest company in Texas (the largest non-oil company, behind only ExxonMobil and ConocoPhillips, and also the largest Dallas company).

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs September 2017

23 SEPTEMBER
NEWS
22 SEPTEMBER
NEWS
21 SEPTEMBER
NEWS
20 SEPTEMBER
NEWS

Current Affairs August 2017

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS

Current Affairs July 2017

31 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS
27 JULY
NEWS