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CNBC News Corrections

Randall Stephenson, chairman and chief executive officer of AT&T Inc., left, speaks while Jeffrey 'Jeff' Bewkes, chairman and chief executive officer of Time Warner Inc., listens during the WSJDLive Global Technology Conference in Laguna Beach, California.
Now that AT&T has been cleared to buy Time Warner, here's what happens next

An earlier version mischaracterized Disney's bid for Fox assets. It is currently all stock.