It’s official. AT&T will buy Time Warner for $107.50 per share, or $85.4 billion U.S. They announced the agreement Saturday night, following a string of reports in recent days that appeared to have accelerated the talks between the two companies. The move means AT&T will own networks like CNN, HBO, TNT, and several other media properties. AT&T will likely face a harsh regulatory process, but there is some precedent. Comcast, another operator, was allowed to buy NBC Universal in 2013 — Business Insider.