Deals
AT&T Pushing for Time Warner Deal by Monday to Beat Rivals
- Talks accelerate as pressure to clinch an agreement builds
- Apple is said unlikely to enter bidding for film-TV giant
Is an AT&T Takeover of Time Warner Imminent?
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AT&T Inc. is pushing to clinch a blockbuster deal to buy Time Warner Inc. by Monday, aiming to close the door on other potential bidders, according to a person familiar with the matter.
Talks between the companies have accelerated since Bloomberg first reported Thursday that executives had met in recent weeks to discuss potential business combinations, said the person, who asked not to be identified discussing private discussions. Part of AT&T’s concern is that other suitors such as Alphabet Inc.’s Google or Apple Inc. could jump in, the person said.