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Weil Advised J.P. Morgan and Perella Weinberg in AT&T’s $85B Acquisition of Time Warner

Weil advised J.P. Morgan Chase & Co. and Perella Weinberg Partners LP as AT&T Inc.’s financial advisors in connection with AT&T’s acquisition of Time Warner in a stock-and-cash transaction valued at $107.50 per share. The deal closed June 15, 2018.

The deal combined Time Warner’s library of content and ability to create new premium content that connects with audiences around the world with AT&T’s extensive customer relationships, world’s largest pay TV subscriber base and leading scale in TV, mobile and broadband distribution. With a mobile network that covers more than 315 million people in the United States, the combined company strived to become the first U.S. mobile provider to compete nationwide with cable companies in the provision of bundled mobile broadband and video.

The Weil team that advised J.P. Morgan and Perella Weinberg was led by Mergers & Acquisitions partner Michael Aiello and included Mergers & Acquisitions partner Matthew Gilroy; Banking & Finance partner Morgan Bale; Mergers & Acquisitions associates Eoghan Keenan and Kevin Kitson; and Banking & Finance associate Justin Lee.