CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following american telecommunication company has agreed to buy Time Warner for $85.4 billion
A
Verizon
B
Fairpoint
C
Frontier Communications
D
AT & T Inc
Explanation: 

Detailed explanation-1: -AT&T, the American multinational telecommunications giant, has agreed to buy Time Warner, the home of HBO and CNN, for about $85.4 billion. The announcement was made on Saturday 22 October, 2016.

Detailed explanation-2: -WASHINGTON-AT&T’s $85.4 billion acquisition of media giant Time Warner can proceed, a federal judge said Tuesday. U.S. District Judge Richard Leon ruled that the combined companies do not pose a danger to consumers, a decision that amounts to a resounding win for the two companies.

Detailed explanation-3: -June 14-AT&T announces the close of its transaction to acquire Time Warner. Jeff Bewkes is succeeded by John Stankey as CEO of Time Warner. June 15-AT&T rebrands Time Warner as WarnerMedia.

Detailed explanation-4: -Combination of Discovery and WarnerMedia Creates Warner Bros. Discovery, Global Leader in Entertainment and Streaming. NEW YORK and DALLAS, April 8, 2022-Today Discovery, Inc. and AT&T Inc.

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