AT&T Is in Advanced Talks to Acquire Time Warner - Deal valuing Time Warner at more than $80 billion could happen as early as this weekend
AT&T Inc. is nearing an agreement to buy Time Warner Inc., a deal that would set a milestone in the converging media and telecommunications sectors and unleash a far-reaching reordering of the industry as rivals are spurred to attempt their own deals.
A deal, which could happen as early as this weekend, would unite AT&T’s wireless, broadband and satellite TV brands with Time Warner’s entertainment empire, which includes cable networks such as TNT, TBS, CNN, the prized HBO channel, and the Warner Bros. film and TV studio.
Talks toward a cash-and-stock purchase have come together quickly and could stall or fall through, said people familiar with the matter. The companies are negotiating a deal that would value Time Warner at between $105 and $110 a share, or more than $80 billion, people familiar with the discussions said.
It is possible other bidders could emerge, including traditional media conglomerates or technology companies. Apple Inc. approached Time Warner about a merger a few months ago and while those talks are no longer active, Apple continues to monitor the situation, a person familiar with the situation said. If a Time Warner sale occurs that could encourage other telecom and media companies to pursue their own combinations.Comment: Skeptical of value. Dad joined A.T.&T. before WWII and retired in the early 80's with over 40 years of service. Recently we inherited some T stock. Related images below: