Reports suggest deal around $107.50 per share
Leaks about a deal between Time Warner and AT&T hit on Friday and now multiple news services report it's almost a done deal.
Bloomberg said something close to $107.50 in an even split of cash and stock from AT&T to buy Time Warner is close to complete. Shares of the company closed on Friday at $89.48 on merger talk.
The huge deal won't involve any FX flows but it's likely to be at least moderately positive for risk sentiment.