Report: AT&T in ‘advanced talks’ to buy Time Warner
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Time Warner CEO Jeff Bewkes.
AT&T is in “advanced talks” to buy Time Warner, The Wall Street Journal reports.
It’s unclear how much AT&T will pay for Time Warner.
The news comes following a Bloomberg report Thursday that the two companies have been discussing an acquisition. The WSJ report says a deal could be announced as soon as this weekend.
Time Warner’s shares were halted after exploding on the news.
This would be the second mega-merger for AT&T in the last year. It merged with DirecTV in 2015 in a $49 billion deal.
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