Yesterday we reported that AT&T was very close to purchasing Time Warner – and it now appears they have reached an agreement for a whopping $80 billion dollars.

Yes. You read that correctly.

The deal is one reminiscent of when AT&T bought DirecTV – who will undoubtedly have huge control over the Entertainment landscape from here on out.

According to a report from The Wall Street Journal:

AT&T is expected to pay between $105 a share and $110 a share per Time Warner share in cash and stock, the Journal reported, citing sources familiar with the situation.

Both companies are expected to announce a deal as early as Saturday evening.

Earlier today, Donald Trump said that he would not allow such a deal to move forward if he were President.

More on this as it develops.

Source: WSJ