31.98 -0.22 (-0.68%)
Pre-market: 6:31AM EDT
|Bid||0.00 x 1800|
|Ask||39.23 x 2200|
|Day's range||32.10 - 33.04|
|52-week range||31.17 - 39.80|
|PE ratio (TTM)||6.49|
|Earnings date||24 Jul 2018|
|Forward dividend & yield||2.00 (6.03%)|
|1y target est||37.61|
After months in limbo, AT&T finally got the green light to acquire Time Warner, and the ripple effects are being felt across the market already.
As we saw earlier in this series, T-Mobile (TMUS) and Sprint (S) are planning to merge in an all-stock transaction. The companies expect to close the transaction no later than the first half of 2019 subject to regulatory approvals and other customary closing conditions. T-Mobile believes that getting regulatory approval for the merger is a concern.
AT&T (T) announces a scholarship fund comprising a contribution of $50,000 to Texas State Technical College to encourage and support technical students in countries with AT&T-backed wind farms.
Comcast (CMCSA) recently made an all-cash $65 billion offer for 21st Century Fox’s (FOXA) media and entertainment assets, outbidding Walt Disney’s (DIS) all-stock offer of $52.4 billion. Notably, Comcast’s proposal came after AT&T (T) received federal approval to merge with Time Warner.
In a low-interest rate world, corporations have borrowed massively to pay for blockbuster mergers and acquisitions. did with Time Warner, the pair will have more than $300bn in debt. The borrowers, like AT&T and Comcast, riposte that future combined cash flows juiced with synergies should allow them to reduce debt and assuage rating agencies in short order.
Few mergers in recent memory have been as contentious as the AT&T/Time Warner deal that was approved last week by US district court judge Richard J Leon. As the judge put it in his 172-page opinion: “If there ever were an antitrust case where the parties had a dramatically different assessment of the current state of the relevant market, and a fundamentally different vision of its future development, this is the one. As I’ve written in previous columns, the combination of AT&T and Time Warner is still small potatoes next to their new Silicon Valley competition.
Americans reduced their credit-card debt by more than $40 billion during the first quarter. This week’s court approval of AT&T’s(XNYS:T)$85 billion deal to acquire Time Warner was followed by Comcast’s(CMCSA)bid for assets that 21st Century Fox(FOX) (FOXA) had previously agreed to sell to Disney(DIS). Brian Milligan of the Ave Maria Growth Fund(AVEGX) offers up six companies that can escape the “Amazon effect” and perform well over the long term.
After a week of big, potentially market-moving events, a financial news reporter has to wonder how much any of it really mattered, considering that the major averages ended not far from where they had started. Moving away from his denunciation of Kim Jong-un as “Little Rocket Man” inviting “fire and fury” by missile launches, Trump last week declared the threat from North Korea neutralized.
There’s a great irony to the merger craze that has swept the media world. The deals are all being driven by a desperate attempt to catch up with Netflix, even though a few years ago any rich and savvy media company could have acquired the upstart for what would now seem a relatively small sum. In 2013, just as Netflix (NFLX) was launching House of Cards, its first original show, the streaming pioneer had a market value of just $10 billion.
Nvidia Corp. will replace Time Warner Inc. in the S&P 100 index prior to the opening bell on June 20, S&P Dow Jones Indices said late Friday. The change in the index comes as the AT&T Inc. -Time Warner merger closed earlier this week. FleetCor Technologies Inc. will replace Time Warner in the S&P 500 index .
AT&T on Friday closed its $85 billion acquisition of Time Warner, three days after winning its court battle with the Department of Justice, with the combined company eyeing a push into digital advertising.
On June 13, Comcast (CMCSA) made a $65 billion acquisition offer for 21st Century Fox’s (FOXA) film, television, and international businesses. Comcast’s offer is much higher than Walt Disney’s (DIS) acquisition price of $52.4 billion for the same assets. After AT&T (T) received approval for its Time Warner (TWX) merger, Comcast has become hopeful of winning the Fox assets.
The Nasdaq rose to a new high while the Dow retreated amid Trump trade moves. A federal judge OK'd the AT&T-Time Warner deal while the Fed sees more rate hikes. RH and Etsy soared.
Things are shifting at AT&T Inc. and Time Warner Inc. post-merger. John Stankey, a long-time AT&T executive who will be running the Time Warner properties, announced several rebranding and structural changes ...
Time Warner will get a new name under new owner AT&T Inc.: WarnerMedia. The business, which includes HBO, Turner Broadcasting and the Warner Bros. studio, was christened with the moniker in an internal memo obtained by Bloomberg on Friday. As part of the changes, Turner Chief Executive Officer John Martin will be leaving the company -- a widely expected move.
AT&T (T) announced the closure of its long-delayed merger with Time Warner (TWX), two days after it was approved by a federal judge on June 12. AT&T, the second-largest wireless service provider after Verizon (VZ), closed the deal after the US DoJ (Department of Justice) said that it would not appeal for a stay of the ruling. Are the DoJ’s concerns resolved?
Thanks to AT&T and Time Warner, media stocks are having their best week in three years. Discovery and Lions Gate are gaining more than 5 percent, while other takeover targets -- like AMC Networks Inc. -- are pacing smaller gains, as much as 2.2 percent intraday. AMC has grown its production arm and has garnered a leading position with key demographic groups through modest acquisition.