merger Tag

Back in 2016 AT&T announced that it was buying Time Warner Media and its affiliate networks, CNN, HBO and TNT, however, the process has been a long road (that’s still continuing today), including a failed U.S. Appeal and backlash from many political figures. The deal was suggested to be approximately $85.4 billion and bring large changes to the entertainment, information, and telecom economies, but where does the merger stand today? As the nation’s second-largest wireless carrier, AT&T in an unprecedented measure announced that it would engage in a vertical merger with TimeWarner to enhance its services and remain competitive in the current climate of the industry. The deal would combine a large telecom provider and a media giant under one roof, meaning AT&T would not only own content distribution, but the content itself. While the idea was intended for a bright future for both companies, it wasn’t met with the same optimism...