AT&T & Time-Warner Merger Approved

Movie News

 

The long in the works, and long in the courts, AT&T and Time Warner merger has officially been approved. The final decision from Judge Richard Leon has been handed down and rejects the government argument it would hurt pay-TV consumers and competition.

As a result, the two companies will be allowed to merge in a deal, first put forth nearly two years ago, that is valued at $85 billion. The crucially important ruling will have major implications on the media landscape moving forward and specifically on future large scale mergers of media multinationals.

The biggest impact of this deal will be felt right away in regards to 21st Century Fox with Comcast now free and clear to formally make an offer for the majority of Fox’s assets. Fox agreed in December to sell their entertainment assets (20th Century Fox, regional sports and parts of Hulu & Sky) to Disney for a $52 billion stock offer, but Comcast is expected to imminently offer Fox $60 billion in straight cash.

Fox shareholders will vote on both proposals next week. If Fox pulls out of the Disney deal there will be a penalty fee, but the Comcast offer more than covers it and still offers a much bigger profit return.

This article is concerning Watch Free Movies Online and Free Movies Online for a lot of data please visit our website:  https://freemoviesz.online/

 

AT&T & Time-Warner Merger Approved
Rate this post

Please follow and like us:
Movie News
“Venom,” “Nun” Headed For Big Openings

  The first tracking figures are in for two of early Fall’s biggest films and the results look very promising. Variety reports that the newest “The Conjuring” spin-off, “The Nun,” looks set to rake in a stellar opening. Estimates have the film taking in at least $32 million and likely …

Movie News
MoviePass Limits Films To Six Possibilities

  As movie ticketing subscription service MoviePass launches with its new $9.95 per month for three movies per month plan, the company has added one more stipulation – limiting what movies you can see each day. This is not their previous, and thankfully short-lived, scenario in which customers could only pick …

Movie News
New Dates For “Powder,” “Destroyer,” “Flarsky”

  Lionsgate has set a February 8th 2019 release date for the Liam Neeson-led action thriller “Hard Powder”. Hans Petter Moland helms the film in which Neeson plays a local snow plow operator recently named Citizen of the Year of his small Colorado ski town for keeping the roads open …