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AT&T to acquire Time Warner for $85.4B in content play

AT&T to acquire Time Warner for $85.4B in content play

AT&T said it will acquire Time Warner for $85.4 billion, reflecting a continuing trend for the consolidation of communications and media companies.

The deal aims to combine content from Time Warner, which has a film studio and a vast library of entertainment, with AT&T’s distribution network of mobile services, broadband and TV in the U.S., Mexico and Latin America, AT&T said late Saturday.

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