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 January 2018

21 JANUARY
NEWS
20 JANUARY
NEWS
19 JANUARY
NEWS
18 JANUARY
NEWS

Current Affairs December 2017

31 DECEMBER
NEWS
30 DECEMBER
NEWS
29 DECEMBER
NEWS
28 DECEMBER
NEWS

Current Affairs November 2017

30 NOVEMBER
NEWS
29 NOVEMBER
NEWS
28 NOVEMBER
NEWS
27 NOVEMBER
NEWS