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It’s not TV it’s HBO — the book
Channels with Peter Kafka
The Unwinding of AT&T and HBO
AT&T's acquisition of Time Warner, primarily driven by their desire to have their own version of Netflix, eventually becomes their main focus. However, after spending over $100 billion on debt in 2016, they later decide to unwind the deal in 2021. The decision to reverse the acquisition was not prompted by a single Eureka moment, but rather a culmination of events, including the DOJ contesting the deal.
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