WSJ: AT&T will acquire Time Warner for more than $80 billion

  • Thread starter Thread starter Zach Epstein
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Zach Epstein

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Following rumors earlier this week of an imminent deal, The Wall Street Journal is now reporting the AT&T has reached an agreement to acquire Time Warner. AT&T will reportedly pay between $105 and $110 per share for Time Warner, making the deal worth more than $80 billion. Time Warner shares closed at $89.48 on Friday after spiking on rumors that a merger deal with AT&T could be announced as soon as this weekend. According the WSJ, AT&T and Time Warner's boards are meeting this afternoon and the final merger proposal could be announced later on Saturday.

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