The boards of AT&T and Time Warner are meeting today to vote on an $80 billion deal that would bring the two companies together, according to sources familiar with the matter.
The acquisition of Time Warner could be announced by Saturday night.
Time Warner is the parent company of CNN, TNT, HBO, the Warner Bros. studio, and a number of other TV channels and websites.
AT&T is one of the country's leading providers of wireless phone and Internet service. It also recently acquired the DirecTV satellite TV business.
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