AT&T-Time Warner — the strategy behind it | Stratrix

Company profile

Industry: Telecommunications and media
Ownership: Assets spun off in 2022 and merged with Discovery to form Warner Bros. Discovery

Profiles are auto-generated and infrequently updated.

The analyses

The Fall · Decision Forks

AT&T Won the Antitrust Trial and Still Lost $40 Billion. The Courtroom Was Never the Problem.

AT&T spent $108.7 billion to buy Time Warner, beat the government in court, closed on its own terms — and four years later handed the whole thing to Discovery for $40.4 billion in cash. The villain everyone remembers, regulation, didn't kill this deal. The strategy did.