AT&F is buying a majority stake in Comcast for $45 billion, the Wall Street Journal reported on Friday, the latest merger between the two major U.S. wireless companies.AT&F’s merger with Comcast would give the telecom giant more control over how it provides internet access to millions of homes and businesses across the U.P.I., and the company would also acquire NBCUniversal and Time Warner Cable, the Journal reported.
The acquisition of NBCUniversal would give AT&U greater control over content distribution to consumers, who would have access to more of the TV networks owned by Comcast.AT &T, which owns NBCUniversal, and Comcast would have more control of how consumers use the internet than Verizon, which already owns NBC, the WSJ reported.
AT& t has also been exploring ways to offer its own streaming video service, the company said in a statement on Friday.
In the deal, Comcast would be allowed to sell its NBCUniversal content as part of the deal.
AT & ;T would be able to sell NBCUniversal’s NBCU content as a standalone service.
The merger also would give Comcast the right to buy NBCUniversal stock for $12.50 per share.
The companies already have similar streaming video deals, the news outlet reported, citing people familiar with the matter.
The Comcast-NBCUniversal merger is expected to close in the first half of 2019.