BREAKING
Updated 9 years ago

AT&T Reaches Deal to Buy Time Warner for $85 Billion

NBC News Clone summarizes the latest on: Ncna671226 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.

AT&T has reached a deal to acquire Time Warner for $85.4 billion in a blockbuster deal that could reshape the media industry.

AT&T is the last major carrier to do away with two-year service contracts.Reuters
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By JeeYeon Park and Phil Helsel
In this Tuesday, May 26, 2015 file photo, people walk by an entrance to the Time Warner Center in New York.AP

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JeeYeon Park

JeeYeon Park is a writer for CNBC.com.

Phil Helsel

Phil Helsel is a reporter for NBC News.

David Faber, CNBC contributed.

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