AT&T's Planned Acquisition Time Warner Focuses on Media + Communications

AT&T confirmed its intention to acquire Time Warner in a stock-and-cash transaction valued at $107.50 per share, representing a transaction value of $108.7 billion. The companies said the reason for deal is to combine Time Warner's vast library of content and ability to create new premium content with AT&T's extensive customer relationships, world’s largest pay TV subscriber base and leading scale in TV, mobile and broadband distribution. Time...

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AT&T Revenue Flat in Q3

AT&T reported Q3 consolidated revenue of $40.9 billion, compared with $39.1 billion for the same period last year, with diluted EPS of  $0.54 as reported and $0.74 as adjusted, compared to $0.50 and $0.74 in the year-ago quarter. Revenue was down slightly on a comparable basis when factoring in DirecTV.  The company saw growth in video and IP services. Some highlights for Q3: 2.3 million wireless net adds driven by connected devices,...

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