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spircaegucul1979 2021. 6. 2. 14:38

Time Warner’s stock price leaped in after-hours trading in the minutes following a judge’s approval of the company’s $85.4 billion acquisition by AT&T.

Time Warner stock price is up 4.71 percent to $100.70 per share as of 5:08 p.m. ET, after closing Tuesday afternoon at $96.22 per share. AT&T, meanwhile, is down 1.8 percent to $33.73 per share as of 5:08 p.m. ET, after closing at $34.35.

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U.S. District Court Judge Richard Leon approved the two companies’ $85.4 billion merger. The deal had no conditions, CNBC reported.

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Also Read:Court Approves $85 Billion AT&T-Time Warner Merger

21st Century Fox, which has a deal of its own to sell off its assets to The Walt Disney Company, saw its stock price jump 5.37 percent in after-hours trading to $42.56 per share at 5:08 p.m. ET. It closed at $40.39 per share on Tuesday. Disney’s stock price dipped 1.33 percent to $102.94 per share, after closing at $104.33 per share.

Comcast, which signaled weeks ago that it was preparing a superior all-cash bid to usurp Disney’s, saw its stock price decline 3.55 percent at 5:08 p.m. ET to $31.23 per share, after closing at $32.38 a share. It is widely expected that Comcast will formally submit its bid for Fox’s assets in the next day or two.

9 Biggest Billion-Dollar Entertainment and Media Deals in 2017 (Photos)

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  • While all eyes were on AT&T's $85 billion acquisition of Time Warner, announced in late 2016 but facing an antitrust lawsuit from the Justice Department, there were plenty of other megadeals in media, tech and entertainment that kept investment bankers busy in 2017.

    Here are some of the biggest deals of the year:

    Getty Images
  • Disney to acquire most of 21st Century Fox for $52.4 billion

    In a massive deal that could change the entertainment industry even more than AT&T-Time Warner, Disney announced plans to acquire Fox's film and TV studios and much of its non-broadcast television business, including regional sports networks and cable networks such as FX, FXX and Nat Geo. Disney would also pick up Fox’s stake in the European pay-TV giant Sky — and be better positioned to win regulatory approval to complete the acquisition of the 61 percent of the company it does not already own.

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  • Discovery Communications agrees to buy Scripps Networks Interactive for $11.9 billion

    The merger of two cable powerhouses brings together channels including Discovery, Science, Food Network and HGTV – and could give the combined company a stronger position as pay-TV continues to migrate to the internet.

    Discovery/Scripps
  • Sinclair Broadcast Group agrees to buy Tribune Media for $3.8 billion

    This deal, if approved, would give conservative-leaning Sinclair control of 223 stations in 108 markets, including 39 of the top 50, covering 72 percent of households in the country. And it's only possible under rule changes implemented by new FCC Chairman Ajit Pai.

    Sinclair/Tribune
  • Cineworld offers to buy Regal Cinemas for more than $3 billion

    After a string of movie theater mergers last year, the sector has quieted down -- along with the box office. And while this isn’t yet a done deal -- or even an accepted offer -- British chain Cineworld made a late November bid of $23 a share for the U.S.’s No. 2 cinema chain.

    Cineworld/Regal
  • Meredith Corp. acquires Time Inc. for $2.8 billion

    The magazine megadeal is a sign of changing times in the publishing industry, with the owner of esteemed brands like Time, Fortune and Sports Illustrated selling to the parent of Better Homes and Gardens and Country Life – backed by $650 million from big-time conservative donors the Koch brothers.

    Meredith/Time
  • Verizon acquires Straight Path Communications for $2.3 billion

    Straight Path may not be a household name, but it was the subject of a bidding war between AT&T and Verizon. The company is one of the largest owners of millimeter wave spectrum, seen as key to the buildout of 5G networks, which should power much faster mobile internet -- better for video -- in the near future.

    Verizon/Straight Path
  • Disney buys the rest of BAMTech for $1.6 billion

    The Mouse House jumped into internet TV in a major way in 2017, announcing upcoming Disney and ESPN-branded streaming services and acquiring the rest of streaming tech company BAMTech to power those products.

    Disney/BAMTech
  • Softether vpn client for mac. Entercom buys CBS Radio for $1.5 billion

    CBS Radio was intended to be spun off from its broadcast parent in an IPO, but instead it was scooped up by a competitor. The combined company, now the second largest radio business in the country, owns and operates 244 stations in 47 markets.

    Entercom/CBS Radio
  • MGM buys the rest of Epix for $1 billion

    The independent studio went all in on the pay-TV business, buying the rest of the premium cable network from Viacom and Lionsgate. And that's paid immediate dividends, as MGM's media networks division propelled it to a strong third quarter.

    MGM/Epix
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Rewind 2017: Media and content consolidation continued this year

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While all eyes were on AT&T's $85 billion acquisition of Time Warner, announced in late 2016 but facing an antitrust lawsuit from the Justice Department, there were plenty of other megadeals in media, tech and entertainment that kept investment bankers busy in 2017.

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Here are some of the biggest deals of the year: