AT&T's $85B US bid for Time Warner sparks antitrust fears in Washington - News Summed Up

AT&T's $85B US bid for Time Warner sparks antitrust fears in Washington


AT&T said it is unclear if the Federal Communications Commission will also have jurisdiction to review the deal. It raises concerns that AT&T might try to limit distribution of Time Warner material. "And regulators often agree, like when Comcast unsuccessfully tried to buy Time Warner Cable, a deal that I fiercely opposed." One antitrust expert says the AT&T/Time Warner raised similar concerns as the Comcast/NBCUniversal deal. (Jeff Fusco/Comcast via AP)Despite their concern, a handful of antitrust experts said AT&T's bid for Time Warner would likely win U.S. antitrust approval, and two thought there may not even be conditions put on it.


Source: CBC News October 23, 2016 20:03 UTC



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