AT&T has confirmed its acquisition of Time Warner

It's Official.

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946_432_newsroom_release_twAT&T and Time Warner believe that the future of mobile is video and that the future of video is mobile. And with that AT&T has confirmed its acquisition of Time Warner for the price of $107.50 per share. This is a big deal and will end up forming one of the largest media companies in the world. And while there are pros and cons, a big realization is a concern for net neutrality.

The hope of AT&T combining with AT&T is to deliver premium content across a strong network. And Time Warner has plenty of content including DC Comics, CNN, HBO, and TNT. Time Warner also owns Warner Brothers pictures and the animation network Cartoon Network. But it’s not just the channels, they have some big name stars, exclusives, and rights to sports. This then gets paired with AT&T’s nationwide network regarding wireless and wireline–They also are a service provider for entertainment, internet, and home phone.

This is a massive acquisition deal and will have to be approved the federal government. It has already been approved by both AT&T’s and Time Warner’s board. The transaction is expected to close by the end of 2017.

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