- Reuters•23 minutes ago
WASHINGTON/NEW YORK (Reuters) - The tie-up of AT&T Inc and Time Warner Inc, bringing together one of the country's largest wireless and pay TV providers and cable networks like HBO, CNN and TBS, could kick off a new round of industry consolidation amid massive changes in how people watch TV. Discovery Communications Inc gained 3.6 percent, AMC Networks Inc rose 3.9 percent and Scripps Networks Interactive Inc jumped 5.6 percent. Media content companies are having an increasingly difficult time as standalone entities, creating an opportunity for telecom, satellite and cable providers to make acquisitions, analysts say.
- Forbes•32 minutes ago
Should customers be wary of a deal that will make the country's second-largest wireless provider a major content producer? Almost certainly.
- Reuters•2 hours ago
AT&T Inc (T.N) said on Saturday it agreed to buy Time Warner Inc (TWX.N) for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its network to attract a growing number of online viewers. The biggest deal in the world this year will, if approved by regulators, give AT&T control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. The tie-up will likely face intense scrutiny by U.S. antitrust enforcers worried that AT&T might try to limit distribution of Time Warner material.
AT&T, Inc. (T)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||37.28 x 100|
|Ask||37.31 x 900|
|Day's Range||36.96 - 38.67|
|52wk Range||32.22 - 43.89|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||16.17|
|Avg Vol (3m)||20,417,075|
|Dividend & Yield||1.92 (4.97%)|