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The biggest deal of the year, announced just over two weeks before the Nov. 8 US election, is a gamble on a victory for Democratic presidential candidate Hillary Clinton and a continuation of the status quo on anti-trust and regulatory enforcement.
AT&T Inc (T.N) is in advanced discussions to acquire media conglomerate Time Warner Inc (TWX.N), and a deal could come as early as this weekend, the Wall Street Journal reported on Friday.
Under a heavily redacted description of the alleged "bad faith scheme," Al Jazeera notes in its complaint that "AT&T has a large subscriber base in Texas and other conservative states in the South and Southwest.
In giving up on its magazine business, Time Warner Inc is set to hand its shareholders an operation that has shrinking sales and profits - and will be looking for a new chief executive.
Time Warner Inc is considering selling its New York headquarters and has asked real estate brokers to evaluate the building's value, in a move that could see it relinquish one of the last vestiges of its disastrous merger with America Online, two sources said.
Time Warner Inc on Wednesday posted a lower quarterly profit as the media company saw declines in its film and TV entertainment and publishing units, while advertising revenue for its cable networks missed some analysts' expectations.
Time Warner Inc posted a decline in first quarter profit, but revenue rose a better-than-expected 6% alongside a surge in advertising sales at its cable TV networks.
A group of Facebook shareholders is seeking to offload USD 1 billion worth of shares on the secondary market, a sale that would value the company at more than USD 70 billion, according to five sources with direct knowledge of the situation.
British actor Henry Cavill, will finally get to don Superman's cape in the new Man of Steel movie, its distributor said on Sunday, almost a decade after he failed to make the cut for the previous film.
