Sullivan and Cravath among advisers on AT&T's $85bn Time Warner takeover
US firms lead as telecoms giant acquires owner of CNN and HBO
Sullivan & Cromwell and Cravath Swaine & Moore are among the law firms to have secured lucrative roles on AT&T’s $85.4bn (£70bn) takeover of Time Warner, a deal whose value reaches $108.7bn (£89bn) when accounting for the US media giant’s net debt.
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