AT&T Ready to Probe the White House's Role in Time Warner Deal

Adjust Comment Print

AT&T suspects the White House is trying to interfere in its proposed $85.4 billion acquisition of Time Warner and is preparing to probe its role in the antitrust review of the deal that's presently threatening to block the merger, Bloomberg reported on Tuesday, citing sources close to the second largest wireless carrier in the country.

Speaking about the merger review process more broadly, Sessions said: "Our work is professional".

"I do feel you should have as many news outlets as you can - especially since so many are fake", Trump continued, according to a pool report.

Per a senior administration official: "This Justice Department under this Attorney General is not going to play the James Comey game and confirm, or even deny, the existence of criminal investigations - but this letter makes it clear that Sessions is taking the Uranium One issue very seriously".

Has JPMorgan Chase & Co (JPM) Improved Earnings Growth In Recent Times?
Granite Investment Advisors LLC increased its holdings in shares of J P Morgan Chase & Co by 1.1% in the 2nd quarter. This means that any tailwind the industry is gaining from, JPMorgan Chase is able to leverage this to its advantage.


CNN and its parent Turner Broadcasting have been at the center of the DOJ's and AT&T's disagreements about conditions for approving the merger.

This week, Delrahim and other agency officials told AT&T that the deal as it now stands raises anti-competition concerns, and that the company will need to shed some assets, perhaps either Turner or DirecTV. One scenario discussed would involve AT&T selling off Turner and then operating the spun-out company as a joint venture. The only remaining regulatory approval for the deal to go through needs to be given by the United States Department of Justice, with the federal agency reportedly making preparations for litigation after failing to find common ground with AT&T. But given DOJ's statement this afternoon, it's important to set the record straight.

Also, as Recode noted, in his comments on Saturday Trump also referred to his opposition to the merger on the campaign trail: "I did make a comment as to what I think".

Comments