the Boards of both companies have approved the agreement. CNN reports that AT & T must punge out with 85 billion dollars for the media group – about 700 billion Norwegian kroner.
Adds one to the Time Warner’s debt, which is included with the purchase, the total value of the agreement almost 109 million dollars.
“Megaavtale”
the Agreement is referred to as a “megaavtale” who can transform AT & T to a powerful player in the entertainment industry and can lead to big technological changes.
Time Warner owns, among other things, the media company Warner Bros. and the TV channels CNN and HBO.
– This is a perfect match of two companies that complement each other and together can react to the media and communications industry in a new way, for the benefit of the customers, advertisers, distributors and those who create content, “says ceo and chairman Randall Stephenson of AT & T.
the Trump will stop acquisition
– Good content always wins, and we will have the world’s best content for our customers,” says Stephenson.
It is expected that the competition authorities will carefully go through the agreement.
Gop presidential candidate Donald Trump has said he will stop the acquisition if he is elected. (NTB)
No comments:
Post a Comment