Time Warner Agrees To $85B Sale; Announcement Possible Sunday: Report
Time Warner has agreed in principle to sell itself to AT&T for $85 billion, or $110 a share — and could go public with the terms on Sunday — Reuters reports.
The companies have agreed on “most terms,” the news service says.
The disclosure sent Time Warner shares up 4.9% to $93.90 in after hours trading, following a 7.8% jump during the trading day.
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