AT&T in advanced talks to buy Time Warner

Before you go, we thought you'd like these...
Before you go close icon

Oct 21 (Reuters) - AT&T Inc is in advanced talks to acquire media conglomerate Time Warner Inc, and a deal could come as early as this weekend, the Wall Street Journal reported.

AT&T and Time Warner were not immediately available for comment.

Time Warner's shares were up 8.2 percent at $89.77.

Bloomberg reported on Thursday that executives of both the companies had discussed various business strategies, including a possible merger, in recent weeks.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Maju Samuel)

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners