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AT&T acquires Time Warner in media mega-deal

An AT&T retail store is open for business in Times Square on October 23, 2016 in New York City. AT&T and Time Warner have agreed to an $85 billion deal one of the biggest media tie-ups ever. The move, announced Saturday evening, will help AT&T expand beyond wireless and Internet service into programming. Time Warner (TWX) is the parent of CNN, TNT, HBO, the Warner Bros. studio, and other channels and websites. Photo by John Angelillo/UPI

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