It's official. AT&T will acquire Time Warner for $85.4 billion and form a new company, in a blockbuster deal that carries with it the potential to reshape the media industry.
AT&T will pay $107.50 a share per Time Warner share in cash and stock, the company said in a formal announcement.
The deal means AT&T will acquire HBO, Turner Broadcasting System and Warner Bros., which would give the telecom company ownership of television channels, publications and websites. The properties include Cinemax, The CW, Cartoon Network, CNN, TNT and TBS, which has deals to carry MLB and NBA games, DC Comics, Bleacher Report, SI.com and NASCAR.com.
AT&T's purchase of Time Warner includes small $500 million reverse break-up fee, in a sign of confidence it will pass anti-trust review, NBC News reported.
Republican presidential candidate Donald Trump said Saturday that under a potential GOP White House, his administration would not approve the deal.
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Steering his campaign toward controversy yet again, Donald Trump vowed Saturday to sue every woman who has accused him of sexual assault or other inappropriate behavior. He called them "liars" whose allegations he blamed Democrats for orchestrating.
An adult film performer came forward Saturday alleging Donald Trump kissed her without permission 10 years ago and offered her money and the use of his private jet, becoming the 11th woman to accuse the Republican presidential candidate of sexual misconduct since the leaked footage of Trump making inappropriate comments.
Jessica Drake appeared with prominent attorney Gloria Allred, who warned Trump at the start of a press conference that if he sued all of the accusers as he pledged hours earlier, the women involved would have the option to file cross complaints.
"Be careful what you wish for, Mr. Trump," Allred said. "If you sue the accusers, the lawyers who represent these woman will have the opportunity to depose you."
Drake who worked for Wicked Pictures as an adult performer and director, accused Trump of grabbing her and kissing her without permission in a California hotel room in 2006.
"This story is totally false and ridiculous," Trump's campaign said.
Nearly 10,000 California National Guard soldiers have been ordered to repay huge enlistment bonuses a decade after signing up to serve in Iraq and Afghanistan, a newspaper reported Saturday.
The Pentagon demanded the money back after audits revealed overpayments by the California Guard under pressure to fill ranks and hit enlistment goals. If soldiers refuse, they could face interest charges, wage garnishments and tax liens, the Los Angeles Times said.
AP Photo/Alan Diaz
A woman performing the national anthem before an NBA preseason game in Miami on Friday night did so while kneeling at midcourt, and opening her jacket to show a shirt with the phrase "Black Lives Matter."
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Abortion became a topic in the debates between Hillary Clinton and Donald Trump for the first time Wednesday night when moderator Chris Wallace focused on access to “late-term” procedures.
“Well, I think it’s terrible,” Trump said. “If you go with what Hillary is saying, in the ninth month, you can take the baby and rip the baby out of the womb of the mother just prior to the birth of the baby.
“And, honestly, nobody has business doing what I just said, doing that, as late as one or two or three or four days prior to birth,” he said. “Nobody has that."
Abortion is one of the most polarizing social issues in America. A May 2016 Gallop poll showed that 29 percent of respondents believed it should be legal under any circumstances, 50 percent only under certain circumstances, and 19 percent illegal in all circumstances. Only 2 percent of those surveyed had no opinion.
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The Los Angeles Dodgers took to Twitter following their loss to the Chicago Cubs Saturday night in Game 6 of the NLCS with a touching show of regard and congratulations.
"Until the next time, @Cubs. #Respect," the team tweeted along with a photo of Cubs manager Joe Maddon and Dodgers manager Dave Roberts embracing after the game.
The Cubs are headed to the World Series for the first time since 1945.
Adam Schreck, AP
Nearly 1,000 people south of the Iraqi city of Mosul have been treated for breathing problems after a sulfur plant caught fire earlier this week, Reuters reports.
ISIS militants are suspected to have started the fire earlier this week as Iraqi forces moved in on ISIS fighters lodged in the area of Mishraq, according to U.S. military officials.
The Iraqi government is currently working on extinguishing the fires, along with oil well fires also set earlier in the week. Officials estimate it could take up to three days.
No deaths have been reported in connection with the toxic fumes, say sources at a hospital in the town of Qayyara, which is south of Mosul. Iraqi troops are in the midst of moving in on the ISIS-held city to reclaim it from the radical extremist group.
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For the first time since 1945, the Chicago Cubs are headed to the World Series as they beat the Los Angeles Dodgers on Saturday night.
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A member of the Swedish Academy that awarded the 2016 Nobel Prize in literature to Bob Dylan says the American singer-songwriter's silence since receiving the honor is "impolite and arrogant."
Per Wastberg said Dylan's lack of reaction to the honor the academy bestowed on him last week was predictable, but disrespectful nonetheless.
"One can say that it is impolite and arrogant. He is who he is," Wastberg was quoted as saying in Saturday's edition of the Swedish newspaper Dagens Nyheter.
Wastberg said the academy still hopes to communicate with the 75-year-old artist, whose Nobel credits him with creating "new poetic expressions within the great American song tradition."
A toddler who died in a house fire was found with his dog and teddy bear next to him and authorities believe the dog tried to protect the boy, a spokesman for Spokane's fire department said Saturday.
The dog, a terrier mixed breed, also died in the fire that broke out at about 11:30 p.m. Friday, said the spokesman, Brian Schaeffer.
Three other children and two adults escaped the blaze in Spokane's Hillyard neighborhood, he said.
The dog stayed behind in an attempt to protect the boy, firefighters believe, and the fire was so intense that it melted the metal on the frame of the boy's bed, Schaeffer said.
Simone Schaller, an American hurdler who competed at the 1932 and 1936 Summer Games and was believed to be the oldest living Olympian, has died. She was 104.
Grandson Jeffrey Hardy said Saturday that Schaller died of natural causes Thursday in the home she and her husband built when they married in the 1930s.
Schaller tied Babe Didrikson Zaharias for the world record in the first round of the 80-meter hurdles at the 1932 Los Angeles Games.