“There is no Time Warner bid coming from Apple at this point, sources said, although the regulatory process could last for months, and things could change,” Faber and Balakrishnan report. “Shares of Apple’s were up half a percent in morning trading, while AT&T and Time Warner shares were little changed.”
“AT&T agreed less than two weeks ago to buy Time Warner for more than $85 billion, a blockbuster deal that could face regulatory scrutiny. The Wall Street Journal reported late last month that Apple had approached Time Warner about a combination a few months ago, but the discussions were only preliminary and didn’t move forward,” Faber and Balakrishnan report. “The deal would give Time Warner properties— including Harry Potter, Batman, Superman and CNN — a direct distribution platform to AT&T’s wireless customers. But politicians like Sen. Bernie Sanders and Republican presidential nominee Donald Trump have questioned whether the combined company would have too much concentrated power over the media.”
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MacDailyNews Take: Goldman Sachs weeps.
Goldman Sachs tries to persuade Apple to bid for Time Warner as TV ‘strategy’ treads water – October 31, 2016