The name of the game in these content and distribution businesses is consolidation. Verizon has been on a buying and building binge recently with the purchase of AOL, an ongoing buyout of Yahoo and the creation of its go90 streaming service.

AT&T may follow in its competitor’s footsteps, according to Bloomberg, as it is in preliminary talks with Time Warner (not Time Warner Cable, which was acquired by Charter Communications) to buy it out. Time Warner is open to selling itself, though it denied 21st Century Fox’s $75 billion bid in 2014. Apple was also rumored to have a passing interest in the owner of HBO, Turner Broadcasting System and Warner Bros. Entertainment.

The Dallas-based telco is making the effort to expand beyond the tubes and invest in media and entertainment. Here’s the thing, though: it spent $48.5 billion to take over satellite TV provider DirecTV, $18 billion on last year’s federal spectrum auction, has $120 billion in debt and only $7.2 billion of cash on hand.

It’s said that AT&T has been targeting media purchases between $2 and $50 billion.

Source: Bloomberg
Via: 9to5Mac

You May Also Like
Huawei Mate 30 Pro review

Huawei Mate 30 Pro review: the best phone you can’t get, and that’s OK

In our Huawei Mate 30 Pro review we’re trying to answer the question of whether the phone can survive without Google support, and should you buy it?

Companies could soon get licenses to sell to Huawei

Good news for Huawei: In a recent Bloomberg interview, Commerce Secretary W. Ross said he was optimistic about reaching a “Phase One” China deal this month.

The upcoming Moto Razr has been spotted in the wild, with a huge chin

It seems that the new Moto Razr is already being caught in the wild, with a huge chin, and there’s a picture to prove it