"Hey Siri" support and possibly wireless charging case alongside AirPower charging mat.
AT&T in 'Advanced Talks' to Acquire CNN and HBO Parent Company Time Warner [Updated]
AT&T is in "advanced talks" to acquire media company Time Warner, and a deal could be finalized as early as this weekend, according to The Wall Street Journal.
Bloomberg on Thursday said senior executives at AT&T and Time Warner met in recent weeks to discuss a possible merger, but it said the talks were informal at that stage.
The talks toward what likely would be a cash-and-stock deal have come together quickly, are fluid, and still could fall through, according the people familiar with the matter. An agreement also could be delayed, they said.Time Warner CEO Jeffrey Bewkes has previously told investors he would entertain a sale of the media company, but only if it feels the price is right. In 2014, Bewkes and his board reportedly turned down an $85-a-share offer from 21st Century Fox, which valued Time Warner at more than $75 billion.
AT&T, looking to add more content and original programming, would gain a number of valuable assets from Time Warner, including CNN, HBO, TBS, TNT, NBA basketball, Cartoon Network and the Warner Bros. film and TV studio. Popular series airing on those networks include, among others, Game of Thrones and Silicon Valley.
New York Post sources said Apple was a possible suitor to purchase Time Warner earlier this year, which Financial Times later said was an idea proposed by Apple's services chief Eddy Cue. The discussions reportedly never progressed beyond the preliminary stage, however, and did not involve Apple CEO Tim Cook or Bewkes.
An acquisition would have provided Apple with content for its much-rumored streaming TV service, which it has reportedly placed on hold due to difficulties in negotiating deals. It was reported the Netflix-like service would have offered a skinny bundle of channels, including ABC, CBS, and FOX, as part of a monthly subscription.
An AT&T-Time Warner acquisition would likely be closely examined by federal regulators.
Update: AT&T has officially purchased Time Warner for $85.4 billion.
Tags: AT&T, Time Warner
[ 117 comments ]
Top Rated Comments
(View all)
30 months ago
Companies are becoming too big and get more power than complete countries. Not a good thing for the citizens of this world.
30 months ago
Apple should put a stop to this, by buying Time Warner. Lets go Apple, are you serious about the Apple TV or not?
30 months ago
Look at how regulations are positively stifling all of these business! They're losing money left and right! /s
30 months ago
WTH? AT&T just bought DirecTV, hell no to this.
FWIW, it sounds like they're trying to buy Time Warner, not Time Warner Cable, which is actually a totally separate company (ridiculous, i know).
30 months ago
WTH? AT&T just bought DirecTV, hell no to this.
Time Warner cable is owned by Charter and is being renamed Spectrum. This Time Warner is more like Disney not Directv.
30 months ago
This is a bad bad bad idea. Even further media consolidation. We are already noticing how horrible it is for Network Neutrality when network connectivity and content producers are the same company, an inherent and clear conflict of interest. Yeah, looking at YOU, Comcast.
We are already at the point where 90% of all mainstream U.S. media is owned by 6 mega corporations. Anyone up for FIVE?
"One Corp to own them all, and in exclusive contracts bind them..."
We are already at the point where 90% of all mainstream U.S. media is owned by 6 mega corporations. Anyone up for FIVE?
"One Corp to own them all, and in exclusive contracts bind them..."
30 months ago
Apple should put a stop to this, by buying Time Warner. Lets go Apple, are you serious about the Apple TV or not?
Could you imagine if you could just get TV through Apple and it was all over a data network? Ugh... One can dream.
[ Read All Comments ]
Apple today released a new update for Safari Technology Preview, the experimental browser Apple first introduced three years ago in March 2016. Apple designed the Safari Technology Preview to test...
Hulu today announced a revised pricing structure, which will see it cutting the cost of its base streaming tier just days after Netflix announced a price hike.
Hulu's base service, which...
Google's live streaming TV service, YouTube TV, is expanding to an additional 95 markets in the United States today, resulting in total coverage of over 98 percent of U.S. households. Soon after...
Going forward, regular users of Microsoft's Edge mobile browser for iOS can expect to receive warnings when they visit untrustworthy news sites.
The company's browser is integrating...
Amazon has pulled its Echo Wall Clock over concerns about connectivity issues, just a little over a month since it began shipping the product.
The Wall Clock's lack of availability on the...
Instagram has moved to address rumors that it actively suppresses the reach of user posts on the social network.
In a statement posted on its official Twitter account, Instagram said that it has...
For those of you who like to rearrange the Home screen on your iPhone and iPad to organize your apps, you might be interested to know that there's a handy little hidden feature for moving...
Commonwealth Bank (CBA) today implemented support for Apple Pay, making it the second of Australia's "Big Four" banks to offer the payments service. CBA is the biggest retail bank in...
