Deals
Candidates, Lawmakers Flag AT&T-Time Warner Antitrust Concerns
- Senate panel plans November hearing on $85 billion deal
- Trump says he would block deal, Clinton calls for scrutiny
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AT&T Inc.’s planned takeover of Time Warner Inc. mirrors Comcast Corp.’s successful acquisition of NBCUniversal, but the new pairing may face a rockier path through Washington as Democratic and Republican presidential contenders, along with key lawmakers, express skepticism.
“An acquisition of Time Warner by AT&T would potentially raise significant antitrust issues,” Senators Mike Lee, a Republican from Utah, and Amy Klobuchar, a Minnesota Democrat, said in a joint statement on Sunday.