Time Warner Agrees To Sell Itself To At&t For $85 Billion

In what would be the largest merger of the year, Dallas-based AT&T (NYSE: T) has agreed to acquire New York-based Time Warner in an $85.4 billion deal. The boards of both companies unanimously approved the acquisition Oct. 22. “Premium content always wins,” AT&T CEO Randall L. Stephenson, said in a statement.

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