AT&T extends deadline to close Time Warner deal
Reuters
Published Oct 23, 2017 13:09
AT&T extends deadline to close Time Warner deal
(Reuters) - AT&T Inc (N:T) said on Monday it had extended by a "short period" the deadline to close its proposed deal to acquire Time Warner Inc (N:TWX), to buy time to get the required regulatory approvals for the deal.
The deal had a termination date of Oct. 22.
AT&T's $85.4 billion (£64.8 billion) acquisition of Time Warner is expected to give it control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets.
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Written By: Reuters
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