Company bosses celebrate ‘perfect match’, but deal could face regulatory hurdles as Republican warns against purchase and Democrats voice skepticism
US telecoms giant AT&T has agreed to buy Time Warner, the owner of the Harry Potter and Batman film franchises as well as HBO, CNN and Cartoon Network, for $85.4bn (£70bn), creating a new media behemoth that will control both content and its distribution.
Related: AT&T agrees to buy Time Warner for $85bn as Trump slams deal
Related: Time Warner buys 10% stake in Hulu
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