What was the value of Time Warner at the time of AT&T's acquisition?
$85.4 billion
$75 billion
$95 billion
$100 billion
Answer
AT&T acquired Time Warner for $85.4 billion, including assumed Time Warner debt. This valued the company at $107.50 per share. The acquisition was completed in 2018, after AT&T won an antitrust lawsuit filed by the U.S. Justice Department.
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