AT&T is Close to a Deal to Buy HBO & Time Warner

HBO1Reports are that Senior executives at AT&T and Time Warner have met in recently to discuss various a possible merger, according to people familiar with the matter.

“There’s a lot that’s attractive about Time Warner,” media industry veteran Peter Chernin, who runs an online video joint venture with AT&T, said in an interview Thursday on CNBC. “I think they’re both great companies.” He said he didn’t know anything about a deal.

“With the pending launch of the DirecTV Now OTT app, it might make sense to move onto content ownership, but Time-Warner is an awfully big first step into the content world,” said John Butler, an analyst at Bloomberg Intelligence, in an e-mail.

The Wall Street Journal had reported earlier on Friday that the AT&T and Time Warner were engaged in advanced talks and a cash-and-stock deal could come as soon as this weekend. Others have said the deal could be done as soon as sometime next week.

Time Warner is not TWC as they sold off their cable operation several years ago. TWC is now owned by Charter.

Time Warner does own HBO, Warner Bros, Turner Broadcasting System, Inc that gives them access to channels like TBS, CNN, and TNT including.

Time Warner also owns part of Hulu and NBA TV.

Source: Reuters

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3 Responses to AT&T is Close to a Deal to Buy HBO & Time Warner

  1. Charles Brown October 21, 2016 at 1:52 pm #

    When I hear this, it just reminds me that in the battle between service providers and content providers, content provision has won. I expect to see even more service providers gobbling up content in the future.

    * Comcast/NBC/Universal.
    * AT&T/Time Warner/HBO.
    * Amazon is becoming a content and service provider.
    * Google partnering with CBS
    * any others?

  2. Ben M October 21, 2016 at 3:56 pm #

    Too bad Netflix or Amazon do not jump in and buy Time Warner. Would be better than the AT&T pukes getting their hands on it.

  3. lomsha October 21, 2016 at 4:07 pm #

    Oh boy