Time Warner shareholders approve $85.4B sale to AT&T
February 16, 2017
Movies, Music and Entertainment | New York, NY | Corporate Acquisition
With regulatory review already underway, shareholders in Time Warner (NYSE: TWX) have resoundingly voted to approve the terms of the company's sale to AT&T (NYSE: T) for $85.4 billion in a deal expected to close by the end of the year. AT&T's shares gained about 1% on Wednesday while Time Warner's stayed static.