Carrier Millions: Warner and Cash Stock

carrier millions: The companies said they expect the deal to close by the end of 2017, according to Market Watch. AT& T, -1.68% Chief Executive Randall Stephenson would head the new company. The wireless carrier agreed to pay $107.50 a share, evenly split between cash and stock. The companies said Time Warner TWX, -3.06% Chief Executive Jeff Bewkes would stay for an interim period following the close of the deal to help with the transition. he combined business would pair the carrier millions of wireless and pay-television subscribers with Time Warner deep media lineup, which includes networks such as CNN, TNT, the prized HBO channel and Warner Bros. film and TV studio. An expanded version of this report appears at WSJ.com. It furthers AT&T bet that television and video can drive growth into a stalled wireless market. (news.financializer.com). As reported in the news.