AT&T is reportedly in “advanced talks” to acquire Time Warner, according to a report, and a deal could be sealed sometime this coming weekend. Time Warner’s stock soared by 10 percent due to the chatter, while AT&T’s stock was down 4 percent. AT&T recently acquired DirecTV, and would become one of the world’s largest media companies if its bid for Time Warner is successful. The latter owns CNN, HBO, TNT and more. News Corporation Chairman Rupert Murdoch made an unsuccessful bid for Time Warner in 2014.
