Could AT&T Be Buying Time Warner Soon?

A Bloomberg report citing sources familiar with the situation, has revealed that top executives from AT&T and Time Warner have met to discuss a potential merger. Although no deal has been reached, shares of Time Warner still exploded nearly 8% after the news.

A deal could happen however, as soon as this weekend, according to The Wall Street Journal, who cited anonymous sources.

According to the Bloomberg report, Time Warner and AT&T are concentrating on “building relations between the companies, rather than establishing the terms of a specific transaction.” Also according to the report, Time Warner CEO Jeff Bewkes is a “willing seller” if he “gets an offer he thinks is fair.”

AT&T just recently completed its huge acquisition of DirecTV.

Disclaimer: We have no position in AT&T Inc. (NYSE: T), nor Time Warner Inc. (NYSE: TWX) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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