AT&T completes acquisition of Time Warner

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(Telecompaper) AT&T has completed its USD 85.4 billion acquisition of Time Warner, and namely, of Warner Bros, HBO and Turner. The move comes two days after the company won its court case against the US Justice of Department, which objected to the deal on competition grounds. Time Warner will be consolidated into AT&T results from 15 June. The deal is expected to be accretive from year-one for adjusted earnings per share and free cash flow, with synergies seen at USD 2.5 billion. Full net debt is at USD 180.4 billion.
Source: Industry News (syndicated from Telecompaper.com)

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