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AT&T (T) to Acquire Time Warner (TWX) for $107.50/Share

October 22, 2016 11:45 PM EDT

AT&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 EDT

As 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