AT&T Is Buying Time Warner for More Than $80 Billion USD

Telecommunications giant AT&T has reached a deal to buy Time Warner for more than $80 billion USD, according to The Wall Street Journal. The reported transaction could be announced as soon as Saturday evening, with shares of Time Warner being purchased between $100 and $105 USD. AT&T currently has millions of wireless and paid television subscribers, which gives it natural synergies with Time Warner's media and entertainment properties that include heavy-hitters like HBO, CNN, Warner Bros. film ...