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By Greg Roumeliotis and Jessica Toonkel NEW YORK (Reuters) - AT&T Inc said on Saturday it agreed to buy Time Warner Inc for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its high-speed network to attract a growing number of online viewers. The biggest deal in the world this year will, if approved by regulators, give AT&T control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. It will likely face intense scrutiny by U.S. antitrust regulators worried that AT&T might try to limit distribution of Time Warner material.
Security forces battled for a second day Saturday with Islamic State group gunmen who infiltrated Kirkuk in a brazen raid that rattled Iraq as it ramped up an offensive to retake Mosul. A toxic cloud released by a fire IS militants started at a sulphur plant south of Mosul earlier this week killed at least two civilians and forced some US service members to wear masks. A day after the shock attack on the Kurdish-controlled city of Kirkuk, jihadist snipers and suspected suicide bombers were still at large, prompting Baghdad to send reinforcements.