Time Warner Stock At & T Merger

328 Words2 Pages
Time Warner’s stocks fell 2.8 percent Monday October 24, 2016 when it was announced that the company would be purchased by AT&T for over $85 billion. AT&T agreed to purchase Time Warner at 107.50 a share by the end of 2017. Time Warner stock is now $86.98 a share as of Monday. The package includes Warner Bros, HBO, CNN and TNT in the deal. AT&T consumers win by receiving first class content on their mobile screen per AT&T Chief Executive Randall Stephenson. AT&T is taking a chance that television and video will help create more revenue in a fixed market eliminating the out-of-date packages wireless companies offers. The merger would make it the first wireless company to contend by offering online video bundles like other cable companies.