Business

AT&T Buys Time Warner For More Than $85 Billion

AT&T has agreed to terms with Time Warner to buy the media giant. "This is a perfect match of two companies with complementary strengths," AT&T Chairman and CEO Randall Stephenson announced.

AT&T To Buy Time Warner For $85 Billion

It emerged Saturday that AT&T is set to buy Time Warner for about $85 billion. If approved by federal regulators, the merger would create a mammoth media and telecommunications company.