The problems with AT T's bid for Time Warner
- Written by Mark Humphery-Jenner, Associate Professor of Finance, UNSW Australia
Those who don’t learn from history are doomed to repeat it. So it is with a sense of familiarity that we greet AT&T’s proposed acquisition of Time Warner.
In early 2000, AOL acquired Time Warner for US$164 billion. Broadly, like AT&T’s acquisition, AOL’s involved a sausage maker acquiring something to put in those...