AT&T in advanced talks to buy Time Warner: WSJ

(Reuters) - AT&T Inc is in advanced discussions to acquire media conglomerate Time Warner Inc , and a deal could come as early as this weekend, the Wall Street Journal reported on Friday. The talks have come together quickly and revolve around a cash-and-stock deal which would be one of the largest in the sector in recent years as telecom companies make a grab for media providers to acquire content, the Journal reported. AT&T shares were down 3.3 percent at $37.39.