Media Merger: AT&T agrees to buy Time Warner for $85bn. At this stage the deal needs approval from regulatory authorities.
The United States Department of Justice has filed an antitrust lawsuit to prevent AT&T and Time Warner from completing an $85 billion merger. Some fear the move may be politically motivated.
Germany's two major department store chains Kaufhof and Karstadt have sealed a merger to salvage their operations amid fierce competition from e-commerce players. The tie-up will include a cash injection and job losses.
According to media reports, Japan's biggest nuclear operators are discussing a potential partnership to overcome a crisis in the sector caused by the Fukushima nuclear disaster seven years ago.
Telecommunications giant AT&T has agreed to buy media company Time Warner in a deal worth $85.4 billion. The deal, the world's largest this year, could shake up the media landscape but still needs regulatory approval.
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