AT&T extends deadline to close Time Warner deal

AT&T Inc said on Monday it had extended by a "short period" the deadline to close its proposed deal to acquire Time Warner Inc, to buy time to get the required regulatory approvals for the deal.

The deal had a termination date of Oct. 22.

AT&T`s $85.4 billion acquisition of Time Warner is expected to give it control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets.

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