Time Warner Shares Soar On Report That AT&T Deal May Be Imminent

AT&T may announce a deal to acquire Time Warner “as early as this weekend” The Wall Street Journal reports — which led to a spike in Time Warner’s stock price and a temporary halt in trading.
Trading has resumed with shares up more than 11%. AT&T’s stock price is down nearly 4% today.
The Journal says that negotiations over a cash-and-stock deal “have come together quickly, are fluid, and still could fall through.”
AT&T owns DirecTV and is said to be eager to secure the…

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