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Oct 24 (Reuters) - Time Warner Inc
AT&T said on Saturday it had agreed to buy Time Warner for $85.4 billion, or $107.50 per share, to gain control of cable TV channels HBO and CNN, film studio Warner Bros, and other coveted media assets.
"Nobody else approached the company for a deal," Bewkes said in an interview on CNBC.
Several media outlets had reported that Apple Inc
Time Warner's shares were down 1.4 percent at $88.19 before the opening bell on Monday. AT&T's shares were down 2.3 percent at $36.62.
(Reporting by Supantha Mukherjee and Narottam Medhora in Bengaluru; Editing by Saumyadeb Chakrabarty) ((supantha.mukherjee@thomsonreuters.com; within U.S.+1 646 223 8780, outside U.S. +91 80 6749 6101; Reuters Messaging: supantha.mukherjee.thomsonreuters.com@reuters.net))
Keywords: TIME WARNER M&A/AT&T CEO