AT&T in talks to acquire Time Warner: sources

AT&T Inc. is in advanced talks to acquire Time Warner Inc., Bloomberg reported. The deal would create a new hallmark in the rapidly converging realms of media, communications and the internet. Acquiring Time Warner would give AT&T, one of the biggest providers of pay-TV and of wireless and home internet service in the U.S. AT&T has been moving more slowly to broaden its media content portfolio. Last year, it paid about $49 billion to buy satellite TV service provider DirecTV.