Saturday, October 22, 2016

Billion deal is in the offing: AT&T is aiming to probably purchase of Time Warner n-tv.de NEWS

Saturday, 22. October 2016

It could be the next billion deal in the media sector: According to Reports, AT&amp plans;T the purchase of Time Warner with channels such as HBO and CNN. The telecommunications group would pay more than $ 80 billion.

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The media giant Time Warner, with TV channels such as CNN and HBO, as well as the Hollywood Studio Warner Bros. could soon belong to the Deutsche Telekom group AT&T. The Acquisition could be already lashed out on the weekend festival, and on Monday, reported the Wall Street Journal, the Financial Times and the financial service Bloomberg.

The probable purchase price was estimated at more than $ 80 billion (about 73 billion euros). The negotiations had been accelerated, after Bloomberg reported on Thursday of talks on cooperation opportunities, it said. Also, Apple is supposed to have Time Warner, it was already reported a few months ago. Even now, the iPhone group watch the Situation, wrote the “Wall Street Journal”. None of the companies said to date to a potential Acquisition.

A Deal would be further proof of the Trend that telecommunications companies are investing in media content. Thus, the cable provider Comcast bought in the USA in 2011, NBCUniversal, with the same name, NBC network and the Universal film Studio. Verizon, which already AOL with Online media like the Huffington Post, wants to take over the Internet pioneer Yahoo. However, this Deal could be known of the massive Hacker-attack on Yahoo, with at least half a billion of the affected users to totter.

The Telecom companies are looking for new, stable sources of money, and exclusive content for their networks, while revenues in their traditional business areas are under pressure. In financial circles, is already speculation that Time Warner CEO Jeff Bewkes be on the stock exchange last with 69 billion US dollars (63.5 billion Euro) rated companies at the point of sale.

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two years Ago the competitor 21st Century Fox from the Empire of media magnate Rupert Murdoch had stated to a Takeover of Time Warner, but finally gave up. On the market, the reports made before the weekend for the price movement of the share price of Time Warner rose by almost eight percent, for AT&T it was two per cent down.

The Telecom group, which is already in debt to the tune of 120 billion dollars, would have to impose on the Deal more Time-Warner-debts of more than $ 20 billion. AT&T bought last year for almost $ 50 billion on the satellite-TV provider DirectTV.

source: n-tv.de

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