Fidelity bank banner UBA 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: 379

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

 

You may also like...
Ogun Customs intensifies fight against smuggling, proliferation of...

Vatican introduces new rules on Holy Communion bread...

We'll teach Nigerians political game -Saraki

Resign or be impeached if you can’t pay...

Enough of this political antagonism against Aviation Minister...

HURIWA raised alarm over growing suppression of media...

Dickson bags Vanguard Governor of the Year Award...

Niger-Delta group renews agitation over resource control

Military allays fears over alleged impending Boko Haram...

Western Naval Command gets new Flag Officer

Police, Delta State Govt. reassure on kidnapped Professor...

NMA promises free services on sanitation days, Tambuwal...

 

Latest News 2019: Security Council foresees violence in Nigeria Atiku will return PDP to power — Babatope Gunmen kill APC treasurer in Ekiti Peter Obi's vice presidential nomination receives standing ovation in USA Senate panel uncovers massive fraud in NAHCON operations Osun PDP supporters protest alleged disbandment of Election Petition Tribunal Policeman, two others killed in Benue gunfight Detention by EFCC: We're taking steps to enforce Fayose’s fundamental rights — Ozekhome Bayelsa lecturer beats world’s 500 most influential experts to win science championship Reps to NYSC: Lift ban on Benue graduates Tambuwal appoints 25 commissioners Hours after students’ protest, OSCATECH staff suspend strike

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (407,419 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,765 views) Shameless Genevieve Nnaji exposes breasts in public (315,117 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (257,645 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,706 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,520 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,299 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,764 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,441 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,017 views) Lagos plane crash: Journalist releases victims’ names (161,649 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,419 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,691) Business Verdict (52) Columnists (948) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (660) Global Business Monitor (304) International (2,543) Interview (165) Live Commentary (28) Love Matters (145) News (39,725) Opinion (1,124) Pidgin (13) Politics (7,287) Religion (881) Sports (1,733) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement