AT&T agrees to buy Time Warner for $85bn in a move to create a new media behemoth

Telecoms giant AT&T has agreed to buy Time Warner for $85.4bn (£70bn) in a deal poised to create one of the world’s largest media companies.
If approved by regulators, the deal will give the US’s second largest wireless telecoms company control of TV channels HBO, CNN and Cartoon Network and film studio Warner Bros, producer of the Batman and Harry Potter film franchises, and therefore access to a wealth of coveted content to stream across its network.
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