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Time Warner-Turner deal may be sealed this week

Published on .

Principals involved in Time Warner's proposed $8 billion stock acquisition of Turner Broadcasting System were talking more optimistically at presstime about an imminent resolution to the deal, which has been hung up on negotiating points to appease Tele-Commmunications Inc. CEO John Malone, whose Liberty Media unit has a 21% stake in Turner and veto power over the deal, Electronic Media reported. Mr. Malone had been holding out for terms that were considered untenable to Time Warner and Turner, but executives said it now looked as though a deal could be ready for a vote by the Turner and Time Warner boards by early next week.

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