1. AT&T's Takeover of Time Warner Started with a Dinner at Martha's Vineyard

    AT&T's Takeover of Time Warner Started with a Dinner at Martha's Vineyard

    Credit longtime Hollywood executive Peter Chernin with igniting the spark that led to AT&T's $85.4 billion takeover of Time Warner . Chernin and AT&T CEO Randall Stephenson met over dinner on Martha's Vineyard in early August as guests of Glenn Hutchins, a board member at the phone company and a top dealmaker with private equity firm Silver Lake, Stephenson said Sunday in an interview...

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    1. Chernin was the one who first got me to appreciate the library that this company owns.
    2. The more we talked about it, the more it fell into place, that there would be benefits that might be significant and might allow us to evolve the ecosystem faster.
    3. To reiterate what Jeff said, this deal is not about cost savings.
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