On October 20, 2016, it was reported that AT&T was in talks to acquire Time Warner, in an effort to increase its media holdings. On October 22, 2016, AT&T reached a deal to buy Time Warner for over $80 billion. The merger was approved by federal regulators, bringing DirecTV under the same umbrella as HBO, Cinemax, Turner Broadcasting System, Warner Bros., and Telepictures. The acquisition was completed on June 14, 2018 and Time Warner was delisted from the stock market; the following day, Time Warner became WarnerMedia.