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AT&T and Time Warner Inc. have recently met “to discuss various business strategies including a possible merger,” Bloomberg reported yesterday.

Discussions are still in early stages, according to Bloomberg’s anonymous sources. “The talks, which at this stage are informal, have focused on building relations between the companies rather than establishing the terms of a specific transaction, the people said, asking not to be identified as the deliberations are private,” Bloomberg wrote. “Neither side has yet hired a financial adviser, the people said.”

Negotiations might actually be further along than Bloomberg’s sources suggested, though. The Wall Street Journal reported today that AT&T is “in advanced talks to acquire Time Warner” and that a deal “could happen as early as this weekend.”