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Does Trump's Win Put AT&T's Time Warner Deal In Jeopardy?
- CNN Money, Thursday, November 10, 2016 8:21 AM
The election of Donald Trump casts "immediate doubt" on AT&T's acquisition of Time Warner, according to a CNN Money report. Trump said in late October, the weekend the $85 billion deal was announced, that his administration would block the transaction. "It's too much concentration of power in the hands of too few," Trump said, according to the report. CNN Money reported that BTIG analyst Rich Greenfield said in a Wednesday blog post that "the Trump Presidency adds to the risk surrounding regulatory approval of AT&TTime Warner."
