Jim Cramer Tackles AT&T and Streaming Data Caps

Disregard all the talk about AT&T (T) - Get Report and streaming data caps, in the end T-Mobile (TMUS) - Get Report and Sprint (S) - Get Report will be the winners, not DirecTV, says TheStreet's Jim Cramer. Last week AT&T said it will buy Time Warner (TWX) in an ambitious $85.4 billion deal that would create a powerhouse in global telecommunications, television and film. The agreement was approved by the boards of both AT&T and Time Warner. The deal, which would be half in cash and half in stock, values Time Warner at $107.50 a share. Time Warner shareholders will receive $53.75 a share in cash and $53.75 a share in AT&T stock. The merger, which will need regulatory approval, would combine AT&T's extensive broadband and wireless operations in North and South America with Time Warner's HBO, its cable-TV networks TBS, TNT and CNN, as well as the Warner Brothers film studio.