AT&T acquires Time Warner (incuding Superman, Batman, DC Comics, Warner Bros. among others)

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AT&T has reached a deal to acquire Time Warner for more than $85 billion, a blockbuster deal that fuses a mobile giant with an entertainment conglomerate, carrying with it the potential to reshape the media landscape.

The two companies on Saturday jointly announced the deal, unanimously approved by both boards, that will see the mobile company pay $107.50 per share in a cash and stock transaction. The deal represents a marriage of Time Warner’s limitless movie and television empire with AT&T’s 315 million wireless subscribers. Continue reading “AT&T acquires Time Warner (incuding Superman, Batman, DC Comics, Warner Bros. among others)”

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