An acquisition by 85,4 billion dollars, whose value rises to eur 108.7 billion dollars including debt. The giant At&t has acquired Time Warner, the company owner also of Cnn and Hbo’s, thus creating an empire of telecommunications and media. The boards of directors of both companies have given the go-ahead for the operation, which will now be examined from the Department of Justice. "It’s the perfect union, which can translate into a new approach on how the media industry and telecommunications works," says Randall Stephenson, ceo, At&t which, according to rumors, will take the lead of the giant that was born with the acquisition of Time Warner.
At&t will pay 107,5 dollars per share, half in cash and the half titles, and for financing the transaction and has obtained a bridge loan from us $ 40 billion by JPMorgan and Bank of America. Once the transaction is closed, shareholders of Time Warner will have 14.4-15.7% At&t. "It’s a great day for our shareholders," highlights the number one of Time Warner, Jeff Bewkes. The figure obtained is superior to the expectations of Time Warner, including the debt, was asking for 100 billion dollars. And better than that made two years ago on the tv from Rupert Murdoch, which had offered $ 85 per share.
The agreement, according to rumors, includes a clause by which the Time Warner agrees to pay $ 1.7 billion in the case in which to receive and accept an offer rival. the At&t will pay, instead of a commission $ 500 if the agreement were to be locked.
The agreement must be approved by the Department of Justice, with the two companies that you wish to receive the necessary permits by the end of 2017. The road will not be easy, especially in an election year. the Donald Trump, the republican candidate, has said that one of his administration would not approve such an agreement, so as not to be approved that between Comcast and NBC Universal. "Agreements of this kind threaten democracy", has put in evidence the Trump.
