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AT&T And Time Warner Extend Deadline For $85.4B Merger, Promise It’s Still Happening
https://consumerist.com/2017/10/24/att-and-time-warner-extend-deadline-for-85-4b-merger-promise-its-still-happening/
Just over a year ago, AT&T and Time Warner proposed one of the biggest mergers of all time, a $85.4 billion deal that would bring together the owners of CNN, HBO, and DirecTV in a single company. The merger had a deadline of Oct. 22, which the companies have extended for an unspecified “short period of time” to gain regulatory approval in the United States.
The companies filed a document with the Securities and Exchange Commission that extends the merger deadline to an unspecified future date “to facilitate obtaining final regulatory approval required to close the merger.” Last week, the betrothed companies announced that they had regulatory approval in Brazil, meaning that approval in the United States is the last hurdle.