Time Warner Obtains Shareholder Approval Of Merger Agreement - Quick Facts

(RTTNews) - Time Warner Inc. (TWX) announced its shareholders voted to adopt the merger agreement between AT&T Inc. and the company, 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. The company continues to expect the transaction to close before year-end 2017.

Time Warner CEO Jeff Bewkes said: "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."