Just in time for the holiday season.
Speculations have surfaced about the merge between the Dallas-based operation, and now turned telecommunications powerhouse AT&T and Time Warner Inc. over this weekend. The Wall Street Journal reported that the deal is set in stone and just might be announced on Saturday evening.
On Saturday afternoon, The Wall Street Journal Reported:
The wireless carrier agreed to pay between $105 and $110 a share, these people said. The deal is half cash and half stock, according to one of the people.
What does this necessarily mean for Time Warner?
It’s said that the board members of the two companies will meet on Saturday to discuss and approve these transactions. However, Reuters reported that the deal had indeed “reached an agreement in principle”. Quoting these unnamed sources, Reuters said:
AT&T Inc has reached an agreement in principle to buy Time Warner Inc for about $85 billion, sources said on Friday, paving the way for what would be the biggest deal in the world this year, giving the telecom company control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets.
The deal, which has been agreed on most terms and could be announced as early as Sunday Reuters said, would be one of the largest in recent years in the telecommunications sector as companies look to combine content and distribution to capture customers replacing traditional pay-TV packages with more streamlined offerings and online delivery.
This story is still developing. We will keep you updated on the final decisions within both companies joint venture.