AT&T reached a deal Saturday to buy Time Warnerfor more than $80 billion, a surprising acquisition that reflects the telecom giant’s desire to amass reputable TV and film content to diversify its massive but mature business of providing Internet access. The deal could be announced as early as Saturday evening, the person familiar with the situation told USA TODAY, speaking on condition of anonymity because the agreement was not yet ready to be announced. AT&T and Time Warner couldn't be immediately reached for comment. The agreement values Time Warner, with a diverse media portfolio that includes HBO, CNN, TNT, TBS, Warner Bros., theme parks, Bleacher Report and a 10% stake in streaming service Hulu, at about $105-110 per share. Read more http://www.usatoday.com/story/money...grees-buy-time-warner-more-than-80b/92589816/
