AT&T is close to acquiring Time Warner for $85 billion

Oct 22 2016 by The Verge

 

AT&T is nearing a deal to acquire Time Warner for $110 per share, a price tag to the tune of $85 billion for the telecom. According to Reuters, AT&T has reached an agreement in principle, which is a kind of stepping stone on the path to a formal contract. It essentially puts in place the terms of a future contract, but it is not an indication of a closed deal.

However, a finalized deal could be approved as soon as Sunday and may be announced on Monday, according to Bloomberg, which...

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