Fidelity bank banner Bayelsa State banner
AT&T floors Trump, gets court approval to buy Time Warner for $85 billion

By News Express on 13/06/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 319

AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion (£63.5 billion), rebuffing an attempt by U.S. President Donald Trump’s administration to block the deal and likely setting off a wave of corporate mergers.

The deal, which could close next week, is seen as a turning point for a media industry that has been upended by companies like Netflix Inc and Alphabet Inc’s Google which produce content and sell it online directly to consumers, without requiring a pricey cable subscription. Cable, satellite and wireless carriers all see buying content companies as a way to add revenue.

Trump, a frequent detractor of Time Warner’s CNN and its coverage, denounced the deal when it was announced in October 2016. U.S. District Judge Richard Leon found little to support the government’s arguments that the deal would harm consumers, calling one position “gossamer thin” and another “poppycock.”

The ruling could also prompt a cascade of pay TV companies buying television and movie makers, with Comcast Corp’s bid for some Twenty-First Century Fox Inc assets potentially the first out of the gate.

The merger, including debt, would be the fourth largest deal ever attempted in the global telecom, media and entertainment space, according to Thomson Reuters data. It would also be the 12th largest deal in any sector, the data showed. (Reuters)

Source News Express

Posted 13/06/2018 12:48:23 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Update: Ethiopian Airlines departs Enugu with 153 passengers...

Concerned Nigerians protest in Abuja, ask Buhari to...

Echoes of Ezu River Police Massacre: How to...

Mimiko leads Jonathan, wife, 12 PDP govs to...

Nigeria’s oil production now at 2.1m barrels per...

Bayelsa youths allege diversion of N12bn loan by...

Ogun pays N1.7bn gratuity to another batch of...

Needless brouhaha over NDDC Board tenure, By Achilleus-Chud...

Civil Society Network demands public release of forensic...

Boko Haram launches fresh attack on Yobe, repelled...

Ideology of Exponential Growth Devours, Corrupts: Growth as...

UN takes first major step against Boko Haram...

 

Latest News Oshiomhole, 19 others elected at APC Convention World Cup: Football fan slips into coma while celebrating Super Eagles’ victory APC Convention: Drama as Oyegun’s security detail barred from Eagle Square HURIWA to world leaders: Intervene and stop crackdown on opposition in Nigeria Ekiti Guber: INEC, APC preloading card readers — Fayose Suspected herdsmen kill 18 in Adamawa village APC National Convention: Gov. Sani-Bello optimistic of peaceful, rancor-free exercise Prophet to Obasanjo: Seek forgiveness over June 12 Cholera: 24 new cases recorded in Adamawa APC loses members to PDP in Edo Lai Mohammed faults CPJ, says no journalist is in detention in Nigeria NHRC must push for quick investigation into Bukhari’s murder, end to impunity — SAMDEN

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (352,940 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (352,753 views) Shameless Genevieve Nnaji exposes breasts in public (280,872 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (230,536 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (209,371 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (209,293 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (182,180 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (164,372 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (154,106 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,964 views) Lagos plane crash: Journalist releases victims’ names (144,141 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,874 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,266) Business Verdict (44) Columnists (871) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (507) Features (607) Global Business Monitor (284) International (2,050) Interview (155) Live Commentary (28) Love Matters (124) News (36,439) Opinion (1,005) Pidgin (10) Politics (5,322) Religion (772) Sports (1,560) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Nigeria vs Iceland 2-0 All Goals & Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement