Senate Antitrust Subcommittee to Probe AT&T-Time Warner Mega Deal

 

by Tim Stelloh 

The two top members of the Senate's antitrust subcommittee said Sunday that they plan to probe a colossal deal between AT&T and Time Warner.

In a statement, Mike Lee, R-Utah., and Amy Klobuchar, D-Minn. — chairman and ranking Democrat, respectively, of the Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights — said AT&T's acquisition of Time Warner "would potentially raise significant antitrust issues" that the panel would "carefully examine."

AT&T Chairman and Chief Executive Randall Stephenson announced the $85 billion deal Saturday as "a great fit" that will combine the "world's best premium content with the networks to deliver it to every screen." 

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Source: NBC News