Activist investor Elliott Management’s funds have invested US$3.2 billion in AT&T and called for a radical overhaul of the US telco in the interests of “value creation”, including a potential sale of DirecTV. Elliott currently said that the US telco was underperforming the S&P 500 index by over 100 percentage points at a time when […]
The US District Court’s greenlighting of AT&T’s merger with Time Warner merger was only possible because of Judge Richard Leon’s “erroneously ignoring fundamental principles of economics and common sense”, according to the Department of Justice. Outlining the reasons for its appeal against the judge’s rejection of its case that the merger should not go through […]
The possibility that the US Department of Justice will succeed in overturning a court decision that enabled AT&T to go ahead with its acquisition of Time Warner is “remote”, according to AT&T chief executive Randall Stephenson. Stephenson told CNBC that the DOJ’s intervention “changes nothing” in relation to the company’s plans to integrate Time Warner […]
The US Department of Justice (DOJ) is to appeal the court decision approving the merger of AT&T and Time Warner in a move that surprised the US telecom giant. “The Court’s decision could hardly have been more thorough, fact-based, and well-reasoned. While the losing party in litigation always has the right to appeal if it […]
John Stankey, the new overseer of HBO post-AT&T merger, has predicted a difficult year ahead for the network, which he likened to the pains of childbirth. Stankey, the new chief executive of Warner Media, made the comments during a town hall meeting with 150 employees in Manhattan, New York, according to The New York Times. “It’s […]
AT&T has finalised an $85 (£60.34bn) billion acquisition of Time Warner, after a US federal judge ruled that the deal would be legal earlier this week. The move has been on hold for a near seven months, after the Trump administration blocked it. The administration argued that a merger between the companies would harm consumers. […]
A US Federal judge has ruled that AT&T’s US$85 billion acquistion of Time Warner is legal, without placing any conditions on the merger of the telecom and media giants. Shares in Time Warner jumped on the news. US District Court judge Richard Leon urged the US government not to seek a stay in implementing the […]
AT&T CEO Randall Stephenson has revealed that the US telco is to launch a new ‘skinny bundle’ OTT TV offering called AT&T Watch that will be available for US$15 (€12) a month, or free of charge to AT&T wireless subscribers. Stephenson unexpectedly revealed the telco’s plans for the service while giving evidence in court, where […]
The US Department for Justice (DoJ) has blocked AT&T’s acquisition of Time Warner and filed a lawsuit to prevent it. The justice department has said that the merger, valued at US$85 billion, will reduce competition and raise prices for consumers. Makan Delrahim, the assistant attorney general for the Department for Justice’s antitrust division, said: “It would […]
The stunning viewing figures for Game of Thrones have pushed Time Warner and its subsidiary, HBO, to significant subscription growth. Premium cable network HBO saw its subscription revenues rise 13% year-on-year, its highest quarterly growth in 13 years. Revenues for the three months to September 30 at HBO were US$1.6 billion (€1.4 billion), up on the US$1.43 […]
