AT&T (T) Said to Discuss Idea of Takeover in Time Warner (TWX) Meetings

October 20, 2016 3:37 PM EDT

Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.

(Updated - October 20, 2016 3:43 PM EDT)

AT&T (NYSE: T) said to discuss idea of takeover in Time Warner (NYSE: TWX) meeting, according to Bloomberg headlines.

UPDATE - Executives from both sides have met in recent weeks to discussion business strategies, which may include a possible merger.

Talks are currently informal and are mainly focused on building a relationship between the two corporations. Neither has hired a financial advisor as of yet.

Time Warner CEO Jeff Bewkes is said to be a willing seller, sources noted. The company rejected an $85/share bid from 21st Century Fox in 2014.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Hot M&A, Mergers and Acquisitions, Rumors, Trader Talk

Related Entities

Definitive Agreement

Add Your Comment