How Did At & T Acquire Time Warner

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AT&T to acquire Time Warner for $85.4 billion

American telecommunications company AT&T has announced its plan of aquiring Time Warner in a deal valued at $85.4 billion.

According to a press release published by AT&T, the deal will combine "Time Warner's vast library of content and ability to create premium new content that connects with audiences around the world, with AT&T's extensive customer relationships, world's largest pay TV subscriber base and leading scale in TV, mobile and broadband distribution."

Engadget notes that this move will give AT&T control over HBO, Turner and Warner Bros., including rights to broadcast MLB, NBA, and NCAA March Madness games.

The deal is expected to be completed by the end of
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