AT&T, Time Warner Announce $85 Billion Mega Merger

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AT&T's $85.4 billion purchase of Time Warner represents a new bet on synergy between companies that distribute information and entertainment to consumers and those that produce it.
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On Saturday, AT&T announced that it reached a deal to purchase Time Warner for about $85 billion. If the deal goes through, the merger could establish the biggest media company ever.

Under the merger, the AT&T will have ownership over brands like HBO, CNN, TNT, and Warner Bros. But consumer advocates say such a deal could compromise net neutrality, and decrease competition among content providers, something that would increase prices.

Jason Abbruzzese, a business reporter with Mashable, explains what this historic deal could mean to consumers.