AT&T wants to buy Time Warner for nearly $86bn - 9JAOlofofo | Nigeia #1 gossip site.

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Sunday, 23 October 2016

AT&T wants to buy Time Warner for nearly $86bn

The US telecoms giant AT&T has announced that it will buy entertainment group Time Warner for nearly $86bn (£70bn).
The deal was agreed at a meeting of the two boards on Saturday but will still need to be approved by regulators.
Correspondents say it is the biggest deal in the world this year.
It reflects the desire of the telecoms company to acquire content to stream over its high-speed network and attract more online viewers.
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