AT&T Is in Advanced Talks to Acquire Time Warner
October 21 2016 - 12:00PM
Dow Jones News
AT&T Inc. is in advanced talks to acquire Time Warner Inc.,
according to people familiar with the matter, a deal that would
create a new hallmark in the rapidly converging realms of media,
communications and the internet.
A deal, which could happen as early as this weekend, would unite
AT&T's portfolio of wireless, broadband and satellite TV
services with Time Warner's entertainment empire, which includes
cable networks such as TNT, TBS, CNN, the coveted premium channel
HBO, and the Warner Bros. film and TV studio.
The talks toward what likely would be a cash-and-stock deal have
come together quickly, are fluid, and still could fall through,
according the people familiar with the matter. An agreement also
could be delayed, they said.
Write to Keach Hagey at keach.hagey@wsj.com, Amol Sharma at
amol.sharma@wsj.com and Dana Cimilluca at
dana.cimilluca@wsj.com
(END) Dow Jones Newswires
October 21, 2016 11:45 ET (15:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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