AT&T Scoops Up Time Warner For A Cool $85 Billion

AT&T purchased the media giant Time Warner Saturday evening for $107.50 per share or $85.4 billion. Chief Executive of AT&T Randall Stephenson is slated to head the new mega media firm. Time Warner Chief Executive Jeff Bewkes will stay on for a short period while the new company gets its footing, but will exit when the…