Nearly two years in the works… And the AT&T takeover of Time Warner is complete! The Justice Department has decided against seeking a stay and will allow the deal to close. This sets the stage for other companies to follow suit and join forces of their own.
Move over Netflix… For a mere $85B, AT&T can deliver Time Warner programming to the company’s millions of wireless, internet, and video customers. In theory, this will allow AT&T to go toe-to-toe with other beloved content providers, including Netflix and Amazon Prime. Just like our boy Floyd Money Mayweather.
More to come… The justice Department may appeal the ruling in the case. In the meantime, keep an eye out for Comcast and Disney as they continue to covet Fox. These moves may become more important as other companies jockey for position in an increasingly competitive industry.