AT&T has slowly been making progress on its plans to buy Time Warner (not the cable company, the TV company that owns HBO and CNN) and now it is reported that the deal will close in the next 60 days.
According to reports from the Los Angeles Times, full regulatory approval of the deal could come as soon as this month or as late as October.
Details are still thin, but rumors have been floating that AT&T was open to selling some of the channels Time Warner owns. There have even been rumors that AT&T would be open to selling CNN in an effort to get the deal approved.
AT&T has a lot of history that makes it likely that the deal will be approved. Comcast’s deal to buy NBCUniversal is similar to AT&T’s deal to buy Time Warner. The only question now is what requirements the government may put on AT&T.
It is possible that there could be limits on control over some of Time Warner’s properties. For example, when Comcast purchased NBCUniversal, Comcast had to agree to give up day-to-day control of Hulu for a set time frame.
We will have to just wait and see what happens next.
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