Time Warner shareholders have voted to adopt the merger
agreement between AT&T and Time Warner, with 78% of the outstanding shares
of common stock voting in favour; and of the shares voted, 99% were cast in
favour of the proposal.
Having obtained shareholder approval of the $85.4 billion
(€78.5bn) transaction, first announced in October 2016, and with regulatory
review of the deal underway, the company continues to expect the transaction to
close before year-end 2017.
On behalf of the board of directors and management team,
Jeff Bewkes, Time Warner Chairman and Chief Executive Officer, said he was
pleased that the Company’s shareholders had approved the proposal to combine