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Deals and IPOs

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

David Faber@DavidFaber
Abigail Summerville@summervillea19
Key Points
  • 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.
VIDEO4:3104:31
Time Warner-AT&T deal could close as soon as 60 days: Sources
Squawk on the Street

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.