AT&T completed the $43 billion acquisition of Time Warner in 2018.
AT&T closed the transaction on June 14, 2018, after a federal judge ruled in favor of the deal. Time Warner owned major media assets including HBO, Warner Bros., and CNN, giving AT&T a large collection of entertainment and news businesses.
The acquisition created a vertically integrated telecommunications and media company. AT&T renamed Time Warner as WarnerMedia, although it later separated those assets through a transaction with Discovery that created Warner Bros. Discovery in 2022.
The deal is often confused with Comcast’s acquisition of NBCUniversal or Disney’s purchase of much of 21st Century Fox. Those were separate media transactions involving different companies, assets, and dates.