- No sooner did an AT&T/Time Warner merger seem as close as Monday than Reuters reports the two companies have reached agreement on most terms, with hopes to announce the deal as soon as Sunday.
- Time Warner's (TWX +7.8%) on the move yet again, up 3.9% after hours. AT&T (T -3%) is down 0.6% in postmarket trading.
- Time Warner's after-hours quote puts it at $93.00. Meanwhile, as analysts started to weigh in more today, sources put the deal at "well north" of $90/share (CNBC), and the price could go to $110/share -- a 23% premium above today's close.
- Brean analyst Alan Gould said in a note that the deal could hit the $110-$125 range per share.
- Fox failed in its 2014 pursuit of Time Warner at $85/share.