Article information gathered by: Jay Christoph
Newsarama has released the known information about the apparent buyout of Time Warner Inc, by AT&T Inc, which would include Warner Bros.and DC Entertainment, according to the Wall Street Journal. Warner Bros. stocks rose 9.6% Friday Morning after the rumors of the deal surfaced; whereas AT&T’s stock dropped 2.6%
21st Century Fox attempted an unsuccessful takeover bid for Time warner back in 2014, offering a reported $80 billion sum to the media powerhouse.
Stay tuned for more information as it develops