AT&T reaches deal to buy Time Warner for more than $80 billion: WSJ

October 21, 2016 11:12 AM EDT

A woman looks at her mobile next to AT&T logo during the Mobile World Congress in Barcelona, Spain February 25, 2016. REUTERS/Albert Gea/File Photo

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(Reuters) - AT&T Inc (NYSE: T) reached a deal to buy media company Time Warner Inc (NYSE: TWX) for more than $80 billion, The Wall Street Journal reported on Saturday.

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