AT&T Completes Acquisition of Time Warner

AT&T this afternoon announced that it has completed its acquisition of Time Warner, just two days after a U.S. District Court Judge ruled that the merger could move forward.
"The content and creative talent at Warner Bros., HBO and Turner are first-rate. Combine all that with AT&T's strengths in direct-to-consumer distribution, and we offer customers a differentiated, high-quality, mobile-first entertainment experience," said Randall Stephenson, chairman and CEO of AT&T Inc. "We're going to bring a fresh approach to how the media and entertainment industry works for consumers, content creators, distributors and advertisers."
The news comes after the United States Justice Department said that it would not seek a stay to stop the merger from happening. The DoJ can, however, appeal the decision if it chooses to do so even after the completion of the merger.

In a statement earlier this week, the DoJ said it believes that the merger between the two companies will make the pay TV market "less competitive and less innovative."

AT&T's purchase of Time Warner had been on hold since November, when the Justice Department filed a lawsuit to put a stop to it based on the argument that it would lead to higher bills and fewer options for consumers.

AT&T's successful acquisition of Time Warner and the judge's ruling in favor of the two companies has already had an impact on the television market, with Comcast moving forward with a $65 billion all-cash offer for Fox's assets.



Top Rated Comments

(View all)
Avatar
19 weeks ago
AT&T will raise content prices slowly and under the radar.... Also little throttle here... a little there for internet speeds....
Rating: 9 Votes
Avatar
19 weeks ago
It's amazing how people come out of the woodwork to actually defend the corporation that's about to screw them. That is the real kool-aid. ATT doesn't give a **** about any of you.
Rating: 8 Votes
Avatar
19 weeks ago

So, with net neutrality now dead, is there any reason to believe AT&T could restrict Time Warner content to AT&T subscribers?


No, it would be total and absolute commercial suicide for the brand.
Rating: 8 Votes
Avatar
19 weeks ago
Whelp...

Rating: 7 Votes
Avatar
19 weeks ago
Just not seeing this as a good thing for consumers in the long run.
Rating: 6 Votes
Avatar
19 weeks ago

So, with net neutrality now dead, is there any reason to believe AT&T won’t restrict Time Warner content to AT&T subscribers?


If anything, I think that would just promote more pirating of content.
Rating: 4 Votes
Avatar
19 weeks ago
If at the end of the day all the bad projections come true, we can survive. Just turn it all off. We spend so much of our resources on wants not needs, amazing. Turning off cable one of the best choices I have made. Not now supporting a whole bunch of garbage including over priced sports. How we manage, turn it off, simple.
Rating: 4 Votes
Avatar
19 weeks ago
So, with net neutrality now dead, is there any reason to believe AT&T won’t restrict Time Warner content to AT&T subscribers?
Rating: 3 Votes
Avatar
19 weeks ago

It's amazing how people come out of the woodwork to actually defend the corporation that's about to screw them. That is the real kool-aid. ATT doesn't give a **** about any of you.

It's people who think like you do who really don't understand business. Business lives to satisfy us. Sounds ridiculous? How do you think they get our money, through osmosis? We voluntarily give it to them. In order to make that happen, they have to give us incentive. In simpler terms, they have to give us something we want, and we'll fork over the cash. If they didn't care about their customer base, they wouldn't be a multi-billion dollar corporation.

I get tired of hearing this foolish anti-business rhetoric, to be perfectly honest. A business is an abstract concept. It doesn't exist as a monolith, but rather as a collective of thousands of workers all working towards the same goal. If you're anti-business, you're against the thousands of employees who work at that business. They ARE the business.
Rating: 3 Votes
Avatar
19 weeks ago

Thanks DoJ. They could have requested a stay and stopped this while appealing the ruling. Why did they let it happen???

The judge said he would deny a stay. Told DOJ they had a bite at the apple already, and wouldn't let them tie up the merger any longer.
Rating: 2 Votes
[ Read All Comments ]