Background/Financial
Know Your Players
Potpourri
M&A History
100

This company offered a bridge loan of $25B.

Who is JPMorgan

100

This person served as Uria Investment's portfolio manager.

Who is Janey Frank?

100

AT&T had an estimated amount of wireless subscribers in the US in 2016, making it the world's largest telecom company.

What is 135M?

100

This internet giant merged with Time Warner during the dot-com bubble of 2000, and withdrew in 2009 after massive losses.

What is AOL?

200

This HBO flagship TV show, winning multiple awards and distinctions in the 2010s.

What is Game of Thrones?

200

This AT&T CEO held a joint press conference with Bewkes to justify the acquisition.

Who is Randall Stephenson?

200

This Time Warner subsidiary generated revenue from subscription services and content authorization, and was know for prestige TV.

What is HBO?

200

In 2014, this company offered $80B for time Warner and was rejected.

What is 21st Century Fox?

or 

What is Fox?

300

This business segment was AT&T's largest revenue driver.

What is distribution infrastructure?

300

This portfolio firm held a significant amount of AT&T stock.

Who is Uria Investment?

300

This publication mocked the deal by saying the first rule of M&A is "don't do a deal with Time Warner."

What is Fortune?

300

AT&T paid $48.5 billion for this satellite TV provider in 2015, making it the nation's largest pay-tv company.

What is DIRECTV?

400

These three streaming platforms disrupted traditional TV.

Who are Netflix, Hulu, and Amazon Prime?

400

This inventor founded the Bell Telephone Company in 1880, the ancestor of AT&T.

Who is Alexander Graham Bell?

400

Where is AT&T located?

What is Dallas?

400

In 1996, Time Warner merged with this company, which was the largest channel television operator at the time and owned CNN.

What is Turner Broadcasting System?

500

According to Forbes, AT&T's return on invested capital after the deal would be this percentage, barely above its pre-deal ROIC of 4.6%.

What is 4.7%?

500

These four brothers (Harry, Albert, Sam, and Jack) started their first studio on Sunset Boulevard in 1918.

Who are the Warner brothers?

500

Comcast acquired this company at a 32.3x EBITDA multiple.

What is DreamWorks animation?

500

Verizon acquired this company's core portal and search engine businesses for $4.8B in February 2017.

What is Yahoo?