After news broke of AT&T's takeover over Time Warner over the weekend, Time Warner CEO Jeff Bewkes said Monday that the former was the only company to approach them. AT&T said Saturday it had agreed to buy Time Warner for $85.4 billion, gaining their suite of cable TV channels HBO, CNN, film studio Warner Bros. and other assets. Several media outlets reported that Apple had expressed interest. Time Warner shares were down to $88.19 as of the opening bell Monday, while shares of AT&T fell to $36.62.
