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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. Several media outlets had reported that Apple Inc had also been interested in acquiring Time Warner. Time Warner's shares were down 1.4 percent at $88.19 before the opening bell on Monday.
BARTELLA, Iraq (AP) — Iraqi forces fought their way into two villages near Mosul on Monday as the offensive to retake the extremist-held city entered its second week and a rights group urged a probe into a suspected airstrike that hit a mosque, killing over a dozen civilians.