Deals
AT&T Discussed Idea of Takeover in Time Warner Meetings
- Executives said to have met in recent weeks for informal talks
- Time Warner has a market valuation of about $62 billion
Is an AT&T Takeover of Time Warner Imminent?
Senior executives at AT&T Inc. and Time Warner Inc. have met in recent weeks to discuss various business strategies including a possible merger, according to people familiar with the matter.
The talks, which at this stage are informal, have focused on building relations between the companies rather than establishing the terms of a specific transaction, the people said, asking not to be identified as the deliberations are private. Neither side has yet hired a financial adviser, the people said.