Why Has the AT&T-Time Warner Merger Gotten Tangled?

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Wharton's Herbert Hovenkamp and Hemant Bhargava of UC Davis discuss the AT&T-Time Warner merger.

Until very recently, it seemed that telecommunications giant AT&T’s $85 billion deal to purchase Time Warner  would be completed by the end of December. But last week, the U.S. Department of Justice informed AT&T that it would block the deal unless it agrees to sell off one of Time Warner’s main assets — Turner Broadcasting, which includes cable news channel CNN. AT&T says it won’t sell CNN or other key assets as it attempts to acquire Time Warner, and a court battle seems likely. Wharton legal studies and business ethics professor Herbert Hovenkamp and Hemant Bhargava, a professor of technology management at the University of California-Davis, joined Knowledge@Wharton’s SiriusXM show to discuss what’s behind this sudden roadblock in a deal that could create a new media giant.

Additional coverage:

AT&T’s Time Warner Deal: Big Risk or Big Reward?

Pay TV Consolidation: Who Are the Potential Winners and Losers?

The Knowledge@Wharton SiriusXM show airs Monday through Friday, 10 a.m. – 12 p.m. EST, on Wharton Business Radio on SiriusXM channel 111.

 

 

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"Why Has the AT&T-Time Warner Merger Gotten Tangled?." Knowledge@Wharton. The Wharton School, University of Pennsylvania, 14 November, 2017. Web. 24 November, 2017 <http://knowledge.wharton.upenn.edu/article/will-the-time-warner-att-merger-succeed/>

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Why Has the AT&T-Time Warner Merger Gotten Tangled?. Knowledge@Wharton (2017, November 14). Retrieved from http://knowledge.wharton.upenn.edu/article/will-the-time-warner-att-merger-succeed/

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"Why Has the AT&T-Time Warner Merger Gotten Tangled?" Knowledge@Wharton, November 14, 2017,
accessed November 24, 2017. http://knowledge.wharton.upenn.edu/article/will-the-time-warner-att-merger-succeed/


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