AT&T expected to close on Time Warner next week, make massive bond issue
June 14, 2018
Movies and Entertainment | New York, NY | Corporate Acquisition
AT&T will wrap up its $85.4 billion acquisition of Time Warner on or before June 20 following a US court decision earlier this week allowing the companies to proceed with the deal. To pay for the purchase, AT&T may return to the capital markets with a bond issue of up to $18 billion following a $22.5 billion bond issue last July, per Reuters. Shares of AT&T (NYSE: T) dropped 6% Wednesday.