AT&T, Time Warner deal could close in as soon as 60 days: Sources

Andrew Harrer | Bloomberg | Getty Images

Randall Stephenson, chairman and chief executive officer of AT&T Inc., right, speaks with Jeffrey ‘Jeff’ Bewkes, chairman and chief executive officer of Time Warner Inc.

The Time Warner, AT&T deal could close as soon as the next 60 days, sources close to the deal told CNBC Thursday.

There has been some concern surrounding the deal about whether President Donald Trump would attempt to stop it, not because it violates any anti-trust laws but rather because of his ongoing public fight with CNN, which he has dubbed as “fraud and fake news CNN.”

Time Warner is the parent company of CNN.

In October, AT&T reached an agreement to buy Time Warner for more than $85 billion.

Time Warner shares gained 1 percent following the news.

–Reported by CNBC’s David Faber, written by CNBC.com’s Abigail Summerville.