Privatization Package: Minister and Greek Treasury

warner: The Texas-based multinational telecommunications conglomerate has agreed to pay $107.50 a share for Time Warner, it said in a press release late Saturday, according to Deutsche Welle. The deal is half cash and half stock. The agreement has the potential to reshape the media industry. AT&T Chief Executive Randall Stephenson will head the new company and Time Warner Chief Executive Jeff Bewkes, who has been in the post since 2008, will leave after an interim period following the deal, a person familiar with matter told the "Wall Street Journal." The Time Warner Center in New York Reviewing the deal The company said that the US Department of Justice would review the deal and that the companies were determining which Federal Communications Commission licenses, if any, would be transferred to AT&T in the deal. "Such a massive consolidation in this industry requires rigorous evaluation and serious scrutiny," US Senator and member of the Senate Judiciary Committee Richard Blumenthal said after the deal was announced. DirecTV Now service is due to launch within months targeting the 20 million people in the US who don't have pay TV. The company has planned for it to be the primary TV platform by 2020, according to Bloomberg, allowing viewers to view a TV package over the internet without a cable box or satellite dish. AT&T is the second-largest provider of mobile telephone services and the largest provider of fixed telephone services in the US. It also provides broadband subscription television services through DirecTV, which it bought in 2015 for $48.5 billion to become the nation largest pay TV provider with more than 25 million customers. (news.financializer.com). As reported in the news.