Taking advantage of the recent approval of its merger with Time Warner, AT&T on Thursday announced WatchTV, a new live TV service premiering next week — and initially tied to two new unlimited wireless data plans.
Two days after a federal judge found AT&T's proposed purchase of Time Warner does not violate antitrust laws, the telecom on Thursday finalized the $85 billion acquisition to create one of the largest media conglomerates in the world.
AT&T on Tuesday received the green light to move forward with an $85 billion deal to buy media giant Time Warner, bringing an end to a contentious antitrust lawsuit leveled by the U.S. Justice Department last year.
As rumors fly over a potential tie-up between AT&T and Time Warner, a report on Friday claims Apple approached the media company about a potential merger months ago, though talks failed to progress past a preliminary stage.
While AT&T and Time Warner were said to have previously held informal talks about a potential takeover, those discussions have apparently since turned serious, with a deal said to be now nearing completion.
After last year's DirecTV acquisition, telecommunications giant AT&T is looking to extend its reach into multimedia distribution, according to a report on Thursday that claims the company recently met with Time Warner to discuss a potential merger.
In an interview published on Thursday, Eddy Cue — Apple's senior VP of Internet Software and Services — dismissed any interest in the company creating its own TV shows, and addressed other topics like "skinny" channel bundles and a rumored interest in buying Time Warner.
Apple is paying close attention to the possibility of Time Warner — or parts of it — going up for sale, potentially with the intent of buying assets to help launch a streaming TV service, according to rumors.
Speaking during a Wednesday financial results call, Time Warner CEO Jeffrey Bewkes said he is "pretty confident" Apple will be launching a subscription streaming TV service in the near future, callling the company "very forward-thinking about television."