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AT&T, Time Warner deal could close in as soon as 60 days: Sources

  • Time Warner, AT&T deal could close sooner than expected, according to sources close to the deal.
  • Some speculated that President Trump might try to stop the deal because of his feud with CNN, whose parent company is Time Warner.

The Time Warner-AT&T merger could close within 60 days, sources close to the deal told CNBC Thursday.

Some speculated that President Donald Trump might try to stop the deal because of his feud with CNN, whose parent company is Time Warner.

In October, AT&T reached an agreement to buy Time Warner for more than $85 billion.

Time Warner shares gained 1 percent following the report.

Reported by CNBC's David Faber, written by CNBC.com's Abigail Summerville.