AT&T said on Monday it had extended by a “short period” the deadline to close its proposed deal to acquire Time Warner, to buy time to get the required regulatory approvals for the deal.
The deal had a termination date of Oct. 22.
AT&T’s $85.4 billion acquisition of Time Warner is expected to give it control of cable TV channels HBO and CNN, film studio Warner Bros, and other coveted media assets.
Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. Sign up today.
