BREAKING: Time Warner shares re-open up 10% after DJ reports AT&T is in advanced talks to acquire the company, could be announced this wknd— CNBC Now (@CNBCnow) October 21, 2016
AT&T is reportedly in advanced talks to acquire Time Warner very soon.
Time Warner stocks jumped this afternoon after Bloomberg reported that it has held meetings with AT&T to discuss potential alliances, including a merger.
AT&T bought DirecTV last year and has its U-verse wired TV service, making it the nation's number-one TV distributor. It plans to introduce a national streaming service, DirecTV Now, by year's end.
The deal could come as early as this weekend.
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