At&t buys Time Warner: the agreement by more than 100 billion, that revolutionises the world of the media – Rai News

An empire of telecommunications and media, which is at the head of Hbo, Cnn, and the Study Time Warner will pass under the control of the phone giant. Always that will not be blocked. Donald Trump: “If I win everything still. Agreements of this kind threaten democracy”

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October 23, 2016Hit it big in the field of media. At&t buy Time Warner, creating an empire of telecommunications and media, which is at the head of Hbo, Cnn, and the Study of Time Warner. A wedding 85,4 billion dollars, whose value rises to eur 108.7 billion including debt.

The boards of directors of two companies have given the go-ahead for the operation, which will now be examined by the department of justice.

“it’s the perfect union that may result in a new approach to how the industry of telecommunications and media works,” says Randall Stephenson, ceo of At&t, which, according to rumors, will take the guide of the colossus that was born with the acquisition of Time Warner.

At&t will pay 107,5 dollars per share, half in cash and half in securities, and financing the transaction and has obtained a bridge loan from us $ 40 billion by JPMorgan and Bank of America.

once the operation will be closed, the shareholders of Time Warner will have 14.4-15.7% of At&t.

“it’s a great day for our shareholders,” highlights the number one of Time Warner, Jeff Bewkes.

The figure obtained is superior to the expectations of Time Warner, including the debt, was asking for $ 100 billion.
And better than that made two years ago on tv by Rupert Murdoch, who had offered $ 85 per share.

The agreement, according to rumors, a clause with which Time Warner agrees to pay $ 1.7 billion in the case in which to receive and accept an offer rival.

At&t will pay a fees by $ 500 if the agreement were to be blocked. The agreement must be approved by the department of justice, with the two companies that you wish to receive the necessary permits by the end of 2017.

The road will not be easy, especially in an election year. Donald Trump, the republican candidate, has said that his administration would not approve such an agreement, so as not to be approved the one between Comcast and NbcUniversal. “Agreements of this kind threaten democracy”, has brought out the Trump.