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AT&T slips after Time Warner buyout gets approval

“(Reuters) – Shares of AT&T Inc fell 2 percent on Wednesday after a federal judge approved the telecom company’s $85 billion buyout of Time Warner Inc, clearing the path for more deals in a rapidly changing media industry” writes Midwest Communications Inc for The news lifted shares of other telecom and media companies such as Sprint Corp, CBS Corp and Discovery Inc by around 4 percent in premarket trading.

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