AT&T buys Time Warner

The New York Times just reported that Time Warner is going to be bought by AT&T. This deal will be massive as AT&T is prepared to pay $85.4 Billion ($107.50 a share in half-cash, half-stock deal) according to WSJ "AT&T will tap $40 billion in bridge loans, a person said, with $25 billion coming from J.P. Morgan Chase & Co. and $15 billion from Bank of America Merrill Lynch." http://www.wsj.com/articles/at-t-reaches-deal-to-… http://www.nytimes.com/2016/10/23/business/dealbo…

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