AT&T and Time Warner are reportedly talking about a merger
REUTERS/Joshua Lott
AT&T and Time Warner executives have met to discuss business strategies that could include a merger, according to Ed Hammond, Alex Sherman and Scott Moritz at Bloomberg.
The talks are informal, and neither side has hired an adviser, according to the report.
Time Warner’s share price jumped 5% on the news, while AT&T dropped 2.2%.
Separately, Qualcomm is nearing a deal to buy NXP Semiconductors, according to Alex Sherman and Ian King at Bloomberg.
More to come
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