AT&T reaches tentative agreement to buy Time Warner: sources – Expansion MX

MEXICO CITY (Expansion) –

AT&T came to an agreement in principle to buy the media conglomerate Time Warner, according to sources cited by Reuters and Bloomberg.

according To sources cited by Reuters, Bloomberg and AFP, the agreement would achieve a range of between 85,000 to 90,000 million dollars.

The shares of AT&T declined 3%, to 37.49 dollars per share, according to data from CNNMoney. This, in the midst of the rumors of the possible purchase, which may not yet have been confirmed by such companies.

Time Warner was not immediately available for comment on the information and AT&T does not want to do so, according to Reuters.

Executives from both companies met to discuss business strategies in the last few weeks, among which highlighted a possible merger, said sources with knowledge of the situation to Bloomberg.

While the titles of Time Warner soared 7.82% to 89.48 dollars per title, according to CNNMoney, and they went up by 4.7% to 93.84 dollars in the negotiations outside of time, according to Reuters.

at the completion of the agreement, it would open the door to a business that would offer the telecommunications company the control of channels such as HBO, CNN and movie studio Warner Bros, according to the Reuters news agency.

The business, which could be announced as soon as Sunday, would be one of the greatest of the last few years in the industry, where telecommunications companies are seeking to join content to your network connection to get the customers that are leaving the packages of cable programming and are inclined to the on demand video via the internet, according to the agency.

AT&T, which offers services of mobile telephony and broadband, is expanding aggressively and looking to become a power in the media industry. In 2015 bought to the provider of tv satellite DirecTV for 48,500 million dollars (mdd).

In January 2015, the telecommunications giant completed the purchase of Iusacell by 2,500 mdd and four months after the purchase of Nextel by 1,875 mdd.

The especilaciones on a possible agreement between Time Warner and AT&T are given while its competitor Verizon COmmunications Inc looking to buy Yahoo, which has been delayed after news of a hack massive accounts of e-mail.

Time Warner has a market value of approximately 65,000 mdd, while AT&T, around 238,000 billion, according to Reuters.

two years Ago, Time Warner rejected an offer of more than 75,000 mdd by a part of 21st Century Fox, its rival controlled by the Murdoch family, indicates the agency AFP.

Have more content gives companies of cable television and more influence in times when customers demand more offers that are segmented or directly are dropping the cable service and turning to streaming programs online.

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the Wall Street Journal reported Friday that Apple Inc approached Time Warner a few months ago for a possible merger and that is now attentive to the conversations with AT&T.