Monday, October 24, 2016

Scepticism towards the Time Warner deal.


AT&T’s planned purchase of the media group Time Warner raises skepticism among both the Democrats and the Republicans, which means that the deal is likely to be examined tightly by the regulatory authorities.

the Time Warner Center in New York city. Arkivbild.Image: Mark Lennihan/AP/TT

Republican presidential candidate Donald Trump was quickly out and said that he would put a stop to the deal if he wins the election on november 8.

“There is too much concentration of power in too few hands,” he said during a rally Saturday.

Then went to the democratic senator Bernie Sanders said that the Obama administration should stop the deal between Time Warner and AT&T.

“this deal would mean higher prices and fewer choices for the american people,” writes Sanders on Twitter.

the Deal, which is worth for 85.4 billion dollars, equivalent to around 760 billion, is the largest medieaffären in the world this year.

AT&T expects the deal, which was announced only a little more than two weeks before the u.s. presidential elections, due to be completed in end of 2017, according to a statement from the company.

the Purchase means that AT&T have control over, among other things, the tv channels CNN, HBO, TNT, and the film studio Warner Bros.

Hillary Clinton has not yet commented on the deal. Her spokesman Brian Fallon said to the reporters that there are “a number of questions and concerns” about the deal. Still missing a lot of information before any conclusions can be drawn, according to Fallon.


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