AT&T Reaches Deal to Buy Time Warner for $85.4 Billion – Wall Street Journal
AT&T Inc. has reached an agreement to buy Time Warner Inc. for $85.4 billion in a deal that would transform the phone company into a media giant.
The wireless carrier agreed to pay $107.50 a share. The deal is half cash and half stock.
AT&T Chief Executive Randall Stephenson would head the new company. The companies said Time…