Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, November 24, 2017

Article Excerpt

AT&T INC., $34.81, New York symbol T, is the largest wireless provider in the U.S. It also sells TV cable packages, and high-speed Internet and landline phone services. In October 2016, AT&T agreed to acquire media company Time Warner Inc. (New York symbol TWX) for $85.4 billion, 50% in cash and 50% in shares. If you include Time Warner’s debt, the total value of the takeover is $108.7 billion. To put that amount in context, AT&T’s current market cap (the total value of all outstanding shares) is $213.7 billion. Following the purchase, Time Warner investors will own 15% of the combined company. Time Warner owns several popular cable TV channels, including CNN, HBO, TNT, TBS and Cartoon Network. Its Warner Bros. studio also produces TV shows and movies. AT&T plans to use this exclusive content to attract more customers who want to stream video on their smartphones and other mobile devices. This week, the U.S. Department of Justice launched a lawsuit to block the…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.