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AT&T first announced plans to acquire Time Warner in October 2016. The acquisition would give AT&T significant holdings in the media content industry for the first time, and would allow the company to compete more fully with its primary telecommunications rival, Comcast, which had recently acquired NBCUniversal under a similar strategy.
The final big deal in the U.S. cable industry, which has been dwindling in recent years thanks to streaming services, might have just taken place.
On October 20, 2016, it was reported that AT&T was in talks to acquire Time Warner. The proposed deal would give AT&T significant holdings in the media industry. AT&T's competitor Comcast had previously acquired NBCUniversal in a similar bid to increase its media holdings, in concert with its ownership of television and internet providers.
Data Sheet—Why AT&T's Time Warner Deal Brings the Future of Television Closer. ... Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail. Sign in.
By April 27, however, Charter had backed off its opposition to the deal after reaching a deal to acquire a portion of Time Warner Cable's subscribers as part of it. [5] Under the deal, Comcast would acquire Time Warner Cable by exchanging each of Time Warner Cable's current 284.9 million shares for 2.875 shares of Comcast's CMCSA stock. [6]
One of the biggest news stories last week was the decision by Comcast , the largest cable operator in the U.S., to acquire competitor Time Warner Cable for more than $45 billion in a stock-for ...
Time Warner Cable building entrance in Morrisville, North Carolina. Time Warner Cable, Inc. (TWC) was an American cable television company. Before it was acquired by Charter Communications on May 18, 2016, it was ranked the second largest cable company in the United States by revenue behind only Comcast, operating in 29 states. [1]