Last updated: May 21, 2018

AT&T agrees in principle to buy Time Warner for $85 billion: sources

NEW YORK (Reuters) – AT&T Inc has reached an agreement in principle to buy Time Warner Inc for about $ 85 billion, sources said on Friday, paving the way for what would be the biggest deal in the world this year, giving the telecom company control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets.

Reuters: Business News

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