Big future for AT&T as they purchased Time Warner for $85bn

Screen Grab: CNBC AT&T buys Time Warner for $85 billion

The telecommunication dominator, AT&T took a huge step Tuesday when their deal to buy Time Warner for $85 billion was approved by U.S. District Court Judge Richard Leon.

This unconditional provision will elevate the telecom giants’ role to a more dominant force in Hollywood and in the mobile arena. The deal comes only three years after AT&T borrowed money to purchase the satellite cable company DirecTV for almost $49 billion.

AT&T was estimated to be worth nearly $230 billion as of October 2016. This deal approval comes as a victory since President Donald Trump vowed not to allow this to happen. During his campaign he claimed a deal such as this would give AT&T too much power.

 

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  1. […] one day after news broke that AT&T acquired Time Warner for $85 Billion, Comcast is challenging Disney in a bid for […]

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