AT&T CEO expects Time Warner deal clearances; shares fall

AT&T Inc Chief Executive Randall Stephenson on Monday told investors he expects the planned $85.4 billion acquisition of Time Warner Inc to receive regulatory clearances as investors showed skepticism by pushing shares of both companies lower. AT&T said on Saturday it had agreed to buy Time Warner for $107.50 per share, giving it control of cable TV channels HBO and CNN, film studio Warner Bros, and other coveted assets in a deal that will reshape the media landscape if it receives gover