Time Warner, Turner join mega-merger bandwagon; handshake on deal said to be done, but observers caution there are pitfalls. (Turner Broadcasting System)(includes related information on Time Warner and WB key assets, and article on regulatory approval of the deal)

Broadcasting & Cable, September, 1995 by McClellan, Steve

Handshake on deal said to be done, but observers caution there are pitfalls Time Warner and Turner Broadcasting System executives said last week that TCI Chairman John Malone has blessed their decision to merge in an $8.5 billion stock swap, But "Remember Bell Atlantic" was the cautionary note issued by Several sources inside and outside the companies involved, a reference to the collapse of the TCI-Bell Atlantic merger two years ago after the parties had signed an agreement in principle.

As of press time on Friday, such an agreement had not been signed, and details were still being negotiated. Sources close to the talks confirm that a handshake agreement has been reached under which Time Warner would absorb TBS in a stock swap that would make TW the...

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