AT&T is expected to announce on Saturday evening that it will purchase Time Warner Inc. for over $80 billion:
AT&T Inc. has reached an agreement to buy Time Warner Inc. for $86 billion, according to a person familiar with the plans, in a deal that would transform the phone company into a media giant. The wireless carrier agreed to pay $107.50 a share, the person said. The deal is half cash and half stock, according to people familiar with the transaction.
[...] For Time Warner, the deal represents a victory for [Chief Executive Mr. Jeff Bewkes], 64, who took some heat from investors for rebuffing a takeover bid two years ago from 21st Century Fox at $85 a share. [...] A merger of the companies would be the most ambitious marriage of content and distribution in the media and telecom industries since Comcast Corp.'s purchase of NBCUniversal and would create a behemoth to rival that cable giant. A rigorous regulatory review is expected and the acquisition of Time Warner likely wouldn't close until late 2017, people close to the process said.
Donald Trump has said that he would block the proposed merger and other media company mergers.
Also at Washington Post, NYT, CNN, and Reuters.
Update: Confirmed by AT&T.
(Score: 0) by Anonymous Coward on Sunday October 23 2016, @09:28PM
https://www.charitywatch.org/ratings-and-metrics/bill-hillary-chelsea-clinton-foundation/478 [charitywatch.org]
That's pretty much all I needed to see.
(Score: 2) by The Mighty Buzzard on Sunday October 23 2016, @09:49PM
You do know they don't have access to any information you and I don't, yes?
My rights don't end where your fear begins.