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WSJ: AT&T agrees to acquire Time Warner for >$80 billion, deal to be announced shortly [Update: Official!]

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<p>[Update: AT&amp;T has officially announced (https://twitter.com/cnbc/status/789975995583492096) that it will acquire Time Warner for $107.50 per share. The deal will now go through the usual legal process to ensure the companies comply with anticompetitive regulations.]</p>
<p>After a few days of deliberations, the Wall Street Journal is reporting that the deal is done (http://www.wsj.com/articles/at-t-reaches-deal-to-buy-time-warner-for-more-than-80-billion-1477157084). AT&amp;T has agreed to buy Time Warner for more than $80 billion. This values Time Warner shares at around $105 each, a significant premium over the closing price of $89 on Friday. The deal will entrench the carrier further into the entertainment business; AT&amp;T and Time Warner are expected to announce the acquisition as soon as later today.</p>
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Source: WSJ: AT&amp;T agrees to acquire Time Warner for &gt;$80 billion, deal to be announced shortly [Update: Official!] (http://feedproxy.google.com/~r/9To5Mac-MacAllDay/~3/t0-twxQp2OA/)