6/15/2018, 2:18 AM (Source: TeleTrader)
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AT&T finalizes purchase of Time Warner

AT&T Inc. completed the acquisition of Time Warner Inc., the telecommunications company stated following the Department of Justice's decision not to appeal a court ruling that allowed AT&T's merger with the mass media company. However, DoJ still has the right to appeal the decision, even after the merger is completed.

"The content and creative talent at Warner Bros., HBO and Turner are first-rate. Combine all that with AT&T’s strengths in direct-to-consumer distribution, and we offer customers a differentiated, high-quality, mobile-first entertainment experience," AT&T Chairman and CEO Randall Stephenson said in a press release.

"We’re going to bring a fresh approach to how the media and entertainment industry works for consumers, content creators, distributors and advertisers," Stephenson added.

Breaking the News / BM