It’s all monopoly money anyways. The evil folks over at T are set to consolidate another content provider — paving the way for pricing fuckery of a first magnitude.
At&t has agreed to acquire Time Warner for upwards of $80b, placing the share price at around $105-110. The stock (TWX) closed at $89 on Friday.
At&t intends to pay half-cash, half-debt, sort of like an Arnold Palmer drink for oligarchs. If you recall, they purchased Directv for $48b last year. Only inside Soviet controlled Russia or current day China should this deal get anti-trust approval. If there’s one thing our government has been efficient at doing, it is busting deals. However, since this involves the parent company of their agitprop organization, CNN, I seriously doubt they’ll even notice this monopoly forming.
Time Warner already has $23b in debt and At&t has $133b. This new deal will press the limits of their banking prowess — as they rush to raise another $40-45b in free money to acquire the cable giant.
NOTE: Should Trump get elected and this deal goes through, look for the new bosses to fire every single CNN anchor for failing to get their candidate elected. What’s the point of having government controlled media, if you can’t even get your guy/gal elected?
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AT&T will probably soon be charging by the byte for data and Internet, 90% of which will be us being charged for constantly evolving streaming high data consuming ads. You’ll soon have to be an elite to afford the wonderful free worldwide web
collusive oligopoly tightening up.
Hmm. Trump is spewing the same ignorant bullshit he always has. CNN is continuing to report it but the people aren’t buying it anymore. Must be CNN’s fault.
CNN has spent about 30 seconds on the litany of criminal actions at the DNC and Clinton — the purposeful violence paid for by Clinton — to disrupt the democratic process.
You, sir, are a moron of a first rate.
+1000. One Eighty is clearly the product of inbreeding within a mentally challenged community.
meet the new boss same as the old boss. change is good. even if trump loses he has done much to wake up the call for change. both parties are wounded now, one might splinter into two parties who knows? howabout three parties for instance? the dems have to renovate or get toasted. patience and planning nowthen.
may you have a fridged november.
Wrong. Trump loses, our corporate overlords will never let another anti globalist come within 1,000 miles of an election.