HomeCable TVAT&T U-Verse TVAT&T closer to buying Time Warner

AT&T closer to buying Time Warner

Time_Warner_Inc_logoAccording to sources and the US Department of Justice Antitrust Division, AT&T is furthering talks to buy Time Warner for $85.4 billion. If approved, AT&T would take on ownership of Time Warner properties such as Cartoon Network, CNN, HBO, TBS, TNT, Turner sports networks, and Warner Bros. film and TV studio works.

Government lawyers have been looking at potential antitrust issues if AT&T, now the largest pay-TV provider, were to purchase Time Warner and unfairly use it favor their own content over rivals.

While vertical deals such as this one don’t usually require so much scrutiny, much of the opposition is coming from the new White House where antitrust chief-nominee Makan Delrahim is waiting confirmation from the Senate.

And, while premium networks and operators express concern AT&T could use their leverage to favor Time Warner content, a group of lawmakers including Democratic Senators Al Franken of Minnesota and Elizabeth Warren of Massachusetts also say the deal will lead to higher service rates and fewer choices for consumers.

“From forcing its customers to buy bigger bundles of Time Warner’s programming to foreclosing rival content creators’ access to AT&T customers, AT&T-Time Warner could engage in a wide variety of behaviors that would harm competition in the media market,” the group said.

The news, coincidentally, comes exactly two years after AT&T announced completing acquisition of DirecTV on July 24, 2015.

Mainstream news of the deal goes back to October 2016 when AT&T announced a bid for Time Warner in the amount of $85.4 Billion.

Source: Chicago Tribune


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

OLED 4k TV Deal!

Samsung 65-inch OLED 4k TV

James Cameron Films in 4k!

The Abyss (1989) 4k Blu-ray Ultimate Collector's Edition
Aliens (1986) 4k Blu-ray Ultimate Collector's Edition
True Lies (1994) 4k Blu-ray Ultimate Collector's Edition

4k Blu-ray Deal!

Sony Pictures Classics 30th Anniversary 4k Blu-ray

4k/HDR TV Deal


New Articles

Support Us!