Yahoo – AFP,
October 22, 2016
 |
| Telecom giant AT&T has struck a deal to buy entertainment company Time Warner for more than $80 billion, to add in-house content to its distribution services (AFP Photo/Saul Loeb, Stan Honda) |
New York
(AFP) - Telecom giant AT&T has struck a deal to buy entertainment company
Time Warner for more than $80 billion, to add in-house content to its
distribution services, a banking source familiar with the negotiations said
Saturday.
An official
announcement is expected before Monday's trading session on Wall Street.
AT&T is
the second-largest US wireless carrier and third-largest cable TV provider in
the United States, while Time Warner controls a valuable stable of
entertainment content suppliers, including Warner Bros. film and TV studios,
the HBO television production group, cable news giant CNN, and the TNT and TBS
cable channels.
A union of
the two media titans -- together worth more than $300 billion in market value
-- is certain to face tough scrutiny from antitrust regulators because of
potential ripple effects across media platforms.
A deal
could price Time Warner at more than $105-110 per share, or more than $80
billion, the source said.
Analysts
believe the transaction also could prompt other big deals involving large media
companies.
The Wall
Street Journal reported Friday that Apple had approached Time Warner about a
possible deal a few months ago, but the talks failed to make progress. Apple is
continuing to monitor the negotiations, the newspaper said.
The deal
comes amid challenges facing media companies from the decline of conventional
cable television as consumers increasingly turn to streaming on mobile
technology.
AT&T
had $147 billion in revenues in 2015 while Time Warner reported $28 billion.
AT&T
has pursued an aggressive expansion, paying almost $50 billion to buy satellite
television provider DirectTV in 2015.
Time Warner
shares soared 7.8 percent Friday following reports of the talks. They were up
another 4.9 percent in afterhours trading on fresh reports suggesting the two
sides were even closer to a deal.
AT&T
dropped 3.0 percent during regular-hours trading Friday, and fell another 0.7
percent in after-hours trade.
Related Articles:
"Recalibration of Free Choice"– Mar 3, 2012 (Kryon Channelling by Lee Caroll) - (Subjects: (Old) Souls, Midpoint on 21-12-2012, Shift of Human Consciousness, Black & White vs. Color, 1 - Spirituality (Religions) shifting, Loose a Pope “soon”, 2 - Humans will change react to drama, 3 - Civilizations/Population on Earth, 4 - Alternate energy sources (Geothermal, Tidal (Paddle wheels), Wind), 5 – Financials Institutes/concepts will change (Integrity – Ethical) , 6 - News/Media/TV to change, 7 – Big Pharmaceutical company will collapse “soon”, (Keep people sick), (Integrity – Ethical) 8 – Wars will be over on Earth, Global Unity, … etc.) - (Text version)
“…6 - The News
Number six. I'll be brief. Watch for your news to change. It has to. When the media realizes that Human Beings are changing their watching habits, they're going to start changing what they produce for you to watch. Eventually, there's going to be something called "The Good News Channel," and it will be very attractive indeed. For it will be real and offset the drama of what is today's attraction. This is what families at night, sitting around the table, will wish to watch. They'll have something where the whole picture of a situation is shown and not just the dramatic parts. You will hear about what's happening on the planet that no one is telling you now, and when that occurs [we have no clock, dear one], it's going to compete strongly with the drama. I keep telling you this. Human nature itself is starting to be in color instead of black and white. Watch for it. And that was number six ….”
"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)
“… Government
Let us speak of government. We're not speaking of your government, but of any government - the way it works, how it survives, how it has survived, the way it campaigns, and how it elects leaders. It's going to change.
Years ago, I told you, "When everybody can talk to everybody, there can be no secrets." Up to this point on this planet, government has counted on one thing - that the people can't easily talk to each other on a global scale. They have to get their information through government or official channels. Even mass media isn't always free enough, for it reports that which the government reports. Even a free society tends to bias itself according to the bias of the times. However, when you can have Human Beings talking to each other all at once, all over the planet without government control, it all changes, for there is open revelation of truth.
Democracy itself will change and you're going to see it soon. The hold-outs, the few countries I have mentioned in the past, are doomed unless they recalibrate. They're doomed to be the same as they have been and won't be able to exist as they are now with everyone changing around them.
I mentioned North Korea in the past. Give it time. Right now, the young man is under the control of his father's advisors. But when they're gone, you will see something different, should he survive. Don't judge him yet, for he is being controlled.
In government, if you're entire voting base has the ability to talk to itself without restriction and comes up with opinions by itself without restriction, it behooves a politician to be aware and listen to them. This will change what politicians will do. It will change the way things work in government. Don't be surprised when some day a whole nation can vote all at once in a very unusual way. Gone will be the old systems where you used to count on horseback riders to report in from faraway places. Some of you know what I am talking about. Government will change. The systems around you, both dark and light, will change. You're going to start seeing something else, too, so let's change the subject and turn the page. ”
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