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Time Warner and AT&T talk merger

C

crackedscreen

Senior executives at AT&T Inc. and Time Warner Inc. have met in recent weeks to discuss various business strategies including a possible merger, according to people familiar with the matter.

Time Warner rose at much as 9.5 percent in New York to $86.75, valuing the company at about $67.5 billion. AT&T fell 2 percent.

Time Warner Chairman and Chief Executive Officer Jeff Bewkes is a willing seller, said one of the people, if he gets an offer he thinks is fair. Bewkes and his board rejected an $85-a-share approach in 2014 from Rupert Murdoch’s 21st Century Fox Inc., which valued Time Warner at more than $75 billion.
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http://www.bloomberg.com/news/artic...cuss-idea-of-takeover-in-time-warner-meetings
 
The main thing AT&T is looking for is a studio and the cable channels to compete with Comcast/NBC/Universal. The rest of the company (ie the Time half) would be sold.

In the meantime, the Justice Department must be sharpening their knives.
 
AT&T, Time Warner discuss possible merger (Report)

AT&T and Time Warner executives have met in recent weeks to talk about ways to collaborate, including a potential merger, according to a Thursday Bloomberg report.

The report characterizes the talks as informal at this stage, primarily focused on “building relations between the companies” rather than sketching out a potential deal, but the idea of a merger is on the table. Time Warner CEO Jeff Bewkes was described as a “willing seller,” according a person familiar with the talks who spoke with Bloomberg.
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http://www.thewrap.com/att-time-warner-discuss-possible-merger-report/
 
TheBigA said:
The main thing AT&T is looking for is a studio and the cable channels to compete with Comcast/NBC/Universal. The rest of the company (ie the Time half) would be sold.

In the meantime, the Justice Department must be sharpening their knives.
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Time, Inc. was spun off two years ago. Besides the studios, production companies and cable channels (and their operations), all that's left is some real estate, mostly in New York.

However, as part of the deal, AT&T would acquire DC Comics.
 
Oscar Madison said:
Besides the studios, production companies and cable channels (and their operations), all that's left is some real estate, mostly in New York.
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They sold the TimeWarner Center on Columbus Circle. I'd suspect the Warner Pictures lot in Burbank is pretty valuable. So is the CNN/TBS property in Atlanta.

The key thing is AT&T is becoming more of a content company, less of a distribution company.
 
i don't blame AT&T wanting to get their hands on Time Warner, at least they aren't buying out (the soon to be reemerged into CBS) Viacom.

if this merger does get approved, i bet the name would be come AT&T Warner Entertainment and would be a subsidy area of AT&T, Inc.

and plus the merger would result in this:
Root Sports/AT&T Sports and Turner Sports gets merged into one whole sports division in which either the Turner name is retained or the division is re-branded to AT&T Sports.
 
Will_H_69_9 said:
i bet the name would be come AT&T Warner Entertainment and would be a subsidy area of AT&T, Inc.
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Or perhaps completely drop the AT&T name and simply become Warner Entertainment. This company was originally BellSouth, so they're not married to that name.

They'd love to spin off the POTS and long lines business to someone else. Wonder if they could walk away from Yahoo.

The thing I've noticed is they tend to overpay in mergers. Not a good reputation to have.
 
TheBigA said:
Wonder if they could walk away from Yahoo.
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Since it's Verizon (not AT&T) who's buying Yahoo, I'm sure they can. ;)

- Trip
 
TheBigA said:
This company was originally BellSouth, so they're not married to that name.
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The company now known as "AT&T" was Southwest Bell. It acquired Bell South, as well Pacific Telesis, Ameritech and Southern New England Telephone - and AT&T Long Lines (which gave it rights to the AT&T name and trade marks). The original name of all of them was the Bell Telephone Company, then the American Telephone and Telegraph Company.
 
WSJ is reporting that a deal could happen as early as this weekend.

AT&T Inc. is in advanced talks to acquire Time Warner Inc., according to people familiar with the matter, a deal that would create a new hallmark in the rapidly converging realms of media, communications and the internet.

A deal, which could happen as early as this weekend, would unite AT&T’s portfolio of wireless, broadband and satellite TV services with Time Warner’s entertainment empire, which includes cable networks such as TNT, TBS, CNN, the coveted premium channel HBO, and the Warner Bros. film and TV studio.

The talks toward what likely would be a cash-and-stock deal have come together quickly, are fluid and still could fall through, according to people familiar with the matter. An agreement also could be delayed, they said.
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http://www.wsj.com/articles/at-t-is-in-advanced-talks-to-acquire-time-warner-1477061850
 
Historical note: The American Telephone and Telegraph Company is returning to broadcasting. They were one of the founders of the industry. They held several important patents for broadcast technology and were therefore one of the founding partners in the Radio Corporation of America (RCA) and NBC with GE, Westinghouse and United Fruit. They provided almost all interconnections for remote and network broadcasting for some 60 years. They invented, built and launched the first communications satellite. Their Western Electric subsidiary was a major provider of broadcast equipment. They were the original owner and operator of WEAF, New York (WRCA, WNBC, WFAN) and - most lastingly - they invented the commercial. They called it "toll broadcasting," and their idea was: We rent time for people to communicate on our phone system; let's rent time for people to communicate on our radio station. As with toll phone calls, charge the customer for the time.
 
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