That has the telecom giant in the night from Saturday on Sunday confirmed to Reuters. The acquisition is unanimously approved by the boards of both companies. The two expect the sale to complete before the end of 2017.
The telecommunications company will pay for half in cash and half in shares. AT&T gives 107,50 dollar (98,76 euro) per share for Time Warner. The cash part of the purchase the company will pay with a new debt and financial reserves that the behind the hand.
The deal was already in the air. News agency Bloomberg reported Tuesday that AT&T quickly an agreement wanted to connect to other hijackers on the coast.
CNN
Time Warner is the owner of news channel CNN, the broadcasting rights of the American basketbalcompetitie NBA and HBO, known for series such as Game of Thrones and Veep. Also the film and television studio Warner Bros. falls under Time Warner.
The American competition authority, the acquisition is still investigating. According to sources, would therefore be the acquisition until the end of 2017 can be completed.
Donald Trump gave a campagnebijeenkomst in Pennsylvania Saturday that if he is 8 november is chosen the deal will be blocked. “The power becomes too concentrated,” said Trump. The Republican has previously criticised the way in which the media campaign in the news.
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