When Jeffrey Bewkes became chairmen and CEO of Time Warner, it was speculated that he was "grooming" the company to be an acquisition target.
Sure enough, Fox made a hostile bid for Time Warner a few years ago for around $90/share. A nice premium at the time...but Bewkes refused.
Been following closely ever since and it was only a matter of time before another suitor came in.
Enter AT&T. It's a perfect fit. A huge subscriber base. Telecommunications, a way to deliver content (DIRECTV), and ownership of content (TWX, soon to be part of T?).
I've been following this deal very closely, because there's a fair amount of financial gain in it for me, one way or the other.
Go T and TWX
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