AT&T has acquired Time Warner for $85.4 billion (£70 billion), in a move that will see it create one of the world's largest media companies. If the deal is approved by regulators, AT&T will gain control of television channels HBO, CNN and Cartoon Network, and film studio Warner Bros, producer of the Batman and Harry Potter film franchises. Randall Stephenson, chairman and chief executive of AT&T, said: "This is a perfect match of two companies with complementary strengths who can bring a fresh...