New York, October 24, 2016 -- Moody's Investors Service affirmed Time Warner Inc.'s ("Time Warner") Baa2 senior unsecured long-term debt and Prime-2 commercial paper ratings following the company's announcement that it has entered into a definite agreement under which AT&T, Inc. ("AT&T") will acquire Time Warner in a stock-and-cash transaction valued at $107.50 per share and which is expected to be financed with a mix of 50% equity and 50% cash. The agreement has been approved unanimously by the boards of directors of both companies. The rating outlook for Time Warner is stable.

Vollständigen Artikel bei Moodys lesen