AT&T may announce deal to buy Time Warner as soon as Saturday

The two firms have reached an in-principle deal for about $85 billion

An AT&T Logo is pictured on the side of a building in Pasadena, California.Photo: Reuters
An AT&T Logo is pictured on the side of a building in Pasadena, California.<b>Photo: Reuters<b/>
Reuters
Last Updated : Oct 23 2016 | 4:26 AM IST

AT&T Inc and media company Time Warner Inc are likely to announce a merger deal as early as Saturday, according to a source familiar with the matter.

The two companies reached a deal in principle for about $85 billion, sources said on Friday, paving the way for what would be the biggest deal in the world this year.

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First Published: Oct 22 2016 | 11:39 PM IST

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