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Annual Global Media Targeted M&A Volume ($m) - US Targeted and ROW Targeted

Top 5 media targeted M&A deals on record

Announced Value ($m) Value ex debt ($m) Target Acquiror
10-Jan-00 112,108 94,296 Time Warner America Online
22-Oct-16 107,697 85,725 Time Warner AT&T
26-May-15 87,404 64,614 Time Warner Cable Charter Communications
18-May-14 66,505 47,905 DIRECTV AT&T
06-Jul-01 60,702 35,702 AT&T Broadband Comcast Corp

On October 22, 2016, AT&T announced a $107.7bn bid ($85.7bn ex debt) to acquire media and entertainment company Time Warner, making it the largest M&A deal so far in 2016.

Transaction Details

Target: Time Warner

Target nationality: United States

Target advisors: Allen & Co; Morgan Stanley; and Citi

Acquiror: AT&T

Acquiror nationality: United States

Acquiror advisors: Pierce, Fenner & Smith; Perella Weinberg Partners; JPMorgan; Bank of America Merrill Lynch

Deal value $bn: 107.7

Deal value $bn (ex debt): 85.7


Key Points