AT&T in advanced talks to buy Time Warner

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)

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