This week saw United States lawmakers grill the second biggest wireless carrier in America regarding its plans to complete its acquisition of media empire Time Warner for a sum of $85 billion. Some of the questions thrown by the US Senate antitrust subcommittee revolved around how the merger would potentially impact prices for Americans or affect fair competition among online video content service providers.
AT&T confirmed over the weekend that it will be acquiring Time Warner for a sum of $85.4 billion, which makes it one of the most expensive acquisitions in history. The merger will be done via a half stock, half cash deal, and both companies are expecting the acquisition to be finalized by the end of next year.
It appears so, according to a report published by Bloomberg just this week. Officials from AT&T and Time Warner have reportedly been involved in discussions over the past few weeks regarding a potential blockbuster merger between the wireless giant and the media powerhouse.
Charter Communications’ mega-acquisition of rival cable operators Time Warner Cable (TWC) and Bright House Networks has been given the go signal by the Federal Communications Commission (FCC). In its rather long filing detailing the approval of the deal, the FCC addressed the possibility that this trio of business entities may look to venture into wireless service territory, including introducing a new mobile virtual network operator (MVNO).
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