America’s largest cable company AT&T Broadband is to exercise its option to increase its stake in Time Warner Entertainment, a joint media venture with AOL Time Warner.

As of May 31, AT&T will increase its share in the venture to around 27.6%, according to a filing with the Securities and Exchange Commission. The deal does not involve cash and will raise AT&T’s overall holding by 2.1 percentage points.

Data sourced from: The Washington Post Online; additional content by WARC staff