Time Warner merges with AT&T
Pre-reading questions: Do you watch television every day? Do you own a smartphone? If yes, what is your mobile provider? The Time Warner company will merge with AT&T after the approval of $85.4 billion proposal. According to Jeff Bewkes, CEO of Time Warner, 78% of their shareholders are in favor of the merger and 99% of the shares voted were in favor of the proposal. Vocabulary: merge [verb] – combine or cause to combine to form a single entity proposal [noun] – the act of presenting a plan or suggestion shareholder [noun] – an owner of shares in a company share [noun] – units of ownership interest in a corporation…
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