Time Warner Shareholders Approve Merger with AT&T
February 15 2017 - 4:05PM
Business Wire
Time Warner Inc. (NYSE:TWX) shareholders today voted to adopt
the merger agreement between AT&T Inc. and Time Warner Inc.,
with 78% of the outstanding shares of common stock voting in favor;
and of the shares voted, 99% were cast in favor of the proposal.
Having obtained shareholder approval of the transaction, and with
regulatory review of the deal underway, the company continues to
expect the transaction to close before yearend 2017.
Time Warner Inc. Chairman and Chief Executive Office Jeff Bewkes
commented: “On behalf of our board of directors and management
team, I’m pleased that the Company’s shareholders have approved the
proposal to combine with AT&T. In addition to providing
shareholders with immediate value and the ability to participate in
the upside of the combined company, the deal advances our long-term
operational strategy. By combining Time Warner’s leading brands and
video content with AT&T’s distribution, we will accelerate our
ability to innovate, develop and deliver the next generation of
video services, making our content even more valuable to consumers
and business partners.”
About Time Warner Inc.
Time Warner Inc., a global leader in media and entertainment
with businesses in television networks and film and TV
entertainment, uses its industry-leading operating scale and brands
to create, package and deliver high-quality content worldwide on a
multi-platform basis.
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Time Warner Inc.Corporate CommunicationsKeith Cocozza (212)
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