In one of the biggest business acquisitions in recent years, AT&T has officially announced plans to acquire Time Warner in a deal built on cash and stock worth a staggering $86.4 billion. While this is far from locked in as regulators would still have to approve the merger and the situation already likely to draw red flags to potential unfair advantages.

From a business standpoint, AT&T's acquisition would allow the company to prosper further with increased content distribution, ease of future licensing and plenty of room to innovative with new forms of native advertising. While the deal is likely years away from a final decision from regulators, AT&T is confident that the purchase will be wrapped up by the end of 2017.

Via: Engadget
Source: AT&T
Photo Credit: Flickr/Bill Bradford