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October 22, 2016
Confirmed: AT&T is buying Time Warner for $85.4B in cash and shares
After days of speculation, the deal is now official: AT&T is acquiring Time Warner for $85 billion in a mix of cash and shares, paving the way for another behemoth in the converged media horizon. The final acquisition price will be $107.50 per share, paid in half cash and half AT%T stock. This means that for each outstanding share of Time Warner stock investors will receive $53.75 in… Read More