The acquisition of Time Warner could be announced by Saturday night.
The boards of AT&T and Time Warner are meeting on Saturday afternoon to vote on an $80 billion deal that would bring the two companies togeth
The deal would be subject to a review by government regulators that could take more than a year.
Time Warner () is the parent company of CNN, TNT, HBO, the Warner Bros. studio, and a number of other TV channels and websites.
AT&T (Tech30), which dates back to the advent of the telephone in the late 1800s, is one of the country’s biggest providers of wireless phone and Internet service. It also recently acquired the DirecTV satellite TV business.,
So AT&T-Time Warner is a union of programming and distribution.
Executives at the two companies have been in talks for several months. Word of the possible deal leaked out on Thursday; AT&T executives were said to be eager to finish the talks before the market opens on Monday morning.