- Reuters•5 hours ago
The head of the U.S. Federal Communications Commission does not expect to review AT&T Inc's (T.N) planned $85.4 billion acquisition of Time Warner Inc (TWX.N), a spokesman for the agency said on Monday. FCC Chairman Ajit Pai had told the Wall Street Journal in an interview on Monday at the Mobile World Congress in Barcelona that he did not foresee a role for the FCC on the takeover and his comments were confirmed to Reuters by FCC spokesman Neil Grace. Last Thursday, Time Warner said it plans to sell a broadcast station in Atlanta to Meredith Corp for $70 million, which could help speed the company's planned merger with AT&T. Pai declined to say on Thursday if he would use that transfer to try to review the broader merger.
- Associated Press•6 hours ago
NEW YORK (AP) — AT&T's $85 billion purchase of Time Warner may be getting an easier path to approval after the chief telecommunications regulator says it isn't likely to review the deal.
- American City Business Journals•7 hours ago
New Federal Communications Commission Chairman Ajit Pai said Monday that the commission likely won’t take a look at the proposed $85.4-billion merger between AT&T (NYSE: T) and Time Warner, Inc. (TWX). Speaking at the Mobile World Congress in Barcelona, Pai said that the fact AT&T isn't planning to transfer over any of Time Warner’s FCC licenses means the commission likely won’t be involved.
TWX : Summary for Time Warner Inc. New Common Sto - Yahoo Finance
Time Warner Inc. (TWX)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||96.75 - 98.47|
|52 Week Range||65.90 - 98.47|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||19.82|
|Dividend & Yield||1.61 (1.66%)|
|1y Target Est||N/A|