AT&T is expected to buy Time Warner in a deal worth over $80 billion

AT&T is expected to buy Time Warner in a deal worth over $80 billion

AT&T has reached a formal agreement to buy Time Warner, according to the Wall Street Journal. The deal is expected to be announced later on Saturday in the US. AT&T is reportedly paying between $105 and $110 a share in cash and stock for Time Warner, at a valuation of more than $80 billion. AT&T…