Nation Oct 23

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What does AT&T, Time Warner merger mean?

AT&T, the nation’s second largest cell phone carrier, is buying Time Warner for $85.4 billion and will gain control of TV networks like HBO, TNT and CNN in the biggest deal of its kind since Comcast acquired NBC Universal five…

The Federal Communications Commission gave conditional approval to America Online's acquisition of media conglomerate Time Warner. With the FCC's approval, the merger creating the nation's largest media empire has cleared its final hurdle.

Top Internet services provider America Online Inc. will buy Time Warner Inc., the world's largest media and entertainment company, for about $166 billion in stock, the companies said, in what ranks as the largest corporate merger deal ever.

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