Views: 14

Thank you for reading this post, don't forget to subscribe!

Time Warner’s stock jumped more then 8% after the news broke that the company maybe in advanced talks with AT&T about a possible acquisition.

Reports of talks were reported Thursday evening.  Reps for both companies have been tight lipped since then.

Time Warner CEO Jeffrey Bewkes has asserted that Time Warner — home of Warner Bros., HBO and Turner — did not need to grow to remain competitive amid a fast-changing landscape for film and TV. But the talks with AT&T underscore that the industry is poised for another round of consolidation.

About Post Author

(Visited 18 times, 1 visits today)

Dan Uff
Senior Writer / Owner
https://www.compuscoop.com/