AT&T has reportedly agreed to buy Time Warner for $80 billion dollars. The formal announcement may come as early as later today. The combined companies would form a telecommunication and media colossus.
Consolidation in the telecom space continues. How does this make the “mom-and-pop” independent telcos and cablecos feel!
For more merger details, see http://www.wsj.com/articles/at-t-reaches-deal-to-buy-time-warner-for-more-than-80-billion-1477157084