Pinho, Paulo Soares deBiolley, Sebastian de2024-10-282024-01-312023-01-31http://hdl.handle.net/10362/174163This case examines the historical trajectory and financial performance of American Telephone and Telegraph (AT&T) from its inception to the acquisition of the media giant Time Warner in 2018. It dives into AT&T's historical challenges and successes, charting the company's journey from becoming the world's largest corporation to losing its monopoly status. It investigates the company's strategic shifts and adaptability in response to telecommunications sector innovations, as well as its recent entry into the media industry. Finally, AT&T's acquisition of Time Warner is thoroughly examined, considering industry characteristics, the firm's peers, the deal structure, the acquisition price, and potential risks.engMonopoly statusMedia industryTelecommunications sectorHistorical trajectoryValuationmaster thesis203603605