24.10.16

AT&T Agrees to Buy Time Warner for $85.4 Billion

AT&T Agrees to Buy Time Warner for $85.4 Billion


The American telecommunications giant AT&T Inc has agreed on Saturday to buy Time Warner, the home of HBO and CNNfor about $85.4 billion in a 50% cash and 50% stock deal, forming one of the largest telecommunications and media empire in the world.
The combined entity will be worth around $300 billion, making it among the top ten most valued public company in the world.

So let's discuss some questions related to this post:

Q1. Recently AT&T Inc has agreed to buy which American multinational media and entertainment conglomerate ?

Answer
1. Time Warner
Source -The Economic Times

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