AT&T reaches deal to buy Time Warner for more than $80 billion: WSJ
- Wall Street closes higher as investors digest earnings, megacap outlook
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- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Wall Street closes higher as investors digest earnings, megacap outlook
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- Midday movers: Netflix, Super Micro fall; Paramount Global gains
AT&T (T) to Acquire Time Warner (TWX) for $107.50/Share
October 22, 2016 11:45 PM EDTAT&T Inc. (NYSE: T) and Time Warner Inc. (NYSE: TWX) announced they have entered into a definitive agreement under which AT&T will acquire Time Warner in a stock-and-cash transaction valued at $107.50 per share, confirming rumors earlier in the week. The agreement has been approved unanimously by the boards of directors of both companies.
Shares of Time Warner closed at $89.48 per share on Friday, giving the deal a 20% premium. Shares of Time Warner were trading at around $80 when rumors of a deal first surfaced on... More
AT&T (T) Agrees to Acquire Time Warner (TWX) for More than $80 Billion - WSJ
October 22, 2016 2:17 PM EDTAs has been rumored over the past couple days, AT&T (NYSE: T) has agreed to acquire Time Warner (NYSE: TWX) for $105-$110 per share, or more than $80 billion, the Wall Street Journal reported Saturday afternoon. A... More
Apple (AAPL) said unlikely to bid for Time Warner (TWX) - Bloomberg
October 21, 2016 12:19 PM EDTApple (NASDAQ: AAPL) said unlikely to bid for Time Warner (NYSE: TWX) - Bloomberg
... MoreAT&T (T) said pushing to reach Time Warner (TWX) deal by Monday - Bloomberg
October 21, 2016 11:53 AM EDTAT&T (NYSE: T) said pushing to reach Time Warner (NYSE: TWX) deal by Monday - Bloomberg.
CNBC's David Faber confirms AT&T (T) and Time Warner (TWX) are in advanced deal talks
October 21, 2016 11:42 AM EDTCNBC's David Faber confirms AT&T (NYSE: T) and Time Warner (NYSE: TWX) are in advanced deal talks