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Report: AT&T reaches deal to buy Time Warner

WASHINGTON — 聽AT&T has reached a deal to buy Time Warner for more than $80 billion.

The reports the boards of the two companies are meeting Saturday聽to approve the transaction.

The deal brings together AT&T鈥檚 wireless and pay-television subscribers with Time Warner鈥檚 media networks such as CNN, TNT, HBO. and Warner Bros. film and TV studio.

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