By Jeremy Berke

Kevork Djansezian/Getty Images

Time Warner CEO Jeff Bewkes.

AT&T has reached a deal to buy Time Warner for around $80 billion at around $105 and $110 per share, The Wall Street Journal is reporting.

The deal will allow AT&T to expand into the television business, picking up channels like HBO and CNN.

This is a developing story. Please check back for updates.

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Source:: Business By Insider

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