Is AT&T Mega-Deal a Match Made in Wall Street Heaven?
AT&T Inc., the second-largest U.S. wireless provider, has agreed to acquire Time Warner Inc., owner of HBO and CNN, for $85.4 billion. Including the New York-based media company’s debt and cash, the purchase is valued at $108.7 billion, making it the biggest takeover announced in 2016. If the deal goes through, AT&T will own a prized cache of movies and TV shows it can deliver to millions of pay-TV homes, mobile phones and internet customers. Pelham Smithers Associates Managing Director discusses with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."