Apple is not interested in buying Time Warner at present, people familiar with the thinking at the company told CNBC on Wednesday.



There is no Time Warner bid coming from Apple at this point, sources said, although the regulatory process could last for months, and things could change.

Shares of Apple's were up half a percent in morning trading, while AT&T and Time Warner shares were little changed.



AT&T agreed less than two weeks ago to buy Time Warner for more than $85 billion, a blockbuster deal that could face regulatory scrutiny. The Wall Street Journal reported late last month that Apple had approached Time Warner about a combination a few months ago, but the discussions were only preliminary and didn't move forward.