AT&T and Time Warner have been in talks about a merger and now news has broken AT&T has scored a $80 billion deal. This deal has potential to reshape the media industry.
According to a report in The Wall Street Journal, AT&T is expected to pay around $105 a share per Time Warner share in cash and stock. After news or the merger were released Time Warner shares spiked nearly 8 percent to close at $89.48, while AT&T slumped 3 percent to finish the session at $37.49.
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