People walk past an AT&T store in New York on October 23, 2016. 
AT&T unveiled a mega-deal for Time Warner that would transform the telecom giant into a media-entertainment powerhouse positioned for a sector facing major technology changes. The stock-and-cash deal is valued at $108.7 billion including debt, and gives a value of $84.5 billion to Time Warner -- a major name in the sector that includes the Warner Bros. studios in Hollywood and an array of TV assets such as HBO and CNN. / AFP / KENA BETANCUR        (Photo credit should read KENA BETANCUR/AFP/Getty Images) AT&T announced it will offer 100 channels and mobile streaming for $35 per month when it launches DirectTV in November.
This is a different position for AT&T, which said it wouldn’t be taking on existing pay TV services and it comes right in time for another major content announcement with Time Warner. AT&T announced this last weekend it wants to buy Time Warner for $85… Read More

Source: News