The shares of AT&T down in the midst of rumors that it will purchase Time Warner – Expansion MX

MEXICO CITY (Expansion) –

The shares of AT&T shrink 3.17% in the midst of rumors of a possible purchase Time Warner.

The titles of the telephone are located in 37.37 dollars this Friday at 2:30 hour from Mexico, according to data from CNNMoney.

Executives from both companies met to discuss business strategies in the last few weeks, among which highlighted a possible merger, said sources with knowledge of the situation to Bloomberg.

While the titles of Time Warner scaled 7.87% to 89.53 dollars, according to CNNMoney.

one of the main attractions of Time Warner are its premium cable channel HBO, the news network CNN and other media assets.

AT&T, which sells services of mobile telephony and broadband, is expanding aggressively and looking to become a power in the media industry. In 2015 bought to the provider of tv satellite DirecTV for 48,500 million dollars (mdd).

In January 2015, the telecommunications giant completed the purchase of Iusacell by 2,500 mdd and four months after the purchase of Nextel by 1,875 mdd.

The especilaciones on a possible agreement between Time Warner and AT&T are given while its competitor Verizon COmmunications Inc looking to buy Yahoo, which has been delayed after news of a hack massive accounts of e-mail.

Time Warner has a market value of approximately 65,000 mdd, while AT&T, around 238,000 billion, according to Reuters.

two years Ago, Time Warner rejected an offer of more than 75,000 mdd by a part of 21st Century Fox, its rival controlled by the Murdoch family, indicates the agency AFP.

Have more content gives companies of cable television and more influence in times when customers demand more offers that are segmented or directly are dropping the cable service and turning to streaming programs online.

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