AT&T agrees to buy Time Warner for $85.4 billion; Trump promises to block the deal if president
posted by Alan F. / Oct 22, 2016, 10:29 PM
Along with the purchase comes a number of cable properties such as CNN, HBO, TBS and TNT. The deal also gives AT&T 10% of streaming video service Hulu. Nearly 30 months ago, AT&T picked up DirecTV for $48.5 billion. As of June, the company counted 142 million wireless subscribers and 38 million pay TV subscribers.
A major question tonight is whether this deal makes it past antitrust regulators. As it is, Republican presidential candidate Donald Trump said tonight about the deal, "It's too much concentration of power in the hands of too few." Trump said that if he wins the election on November 8th, he will block the transaction. However, with CNN's pro-Clinton coverage of the election, this seems more like Trump's usual attempt to get revenge on anyone that doesn't treat the thin-skinned billionaire with the deference Trump believes he is due. The Clinton camp has not yet commented.
Senator Richard Blumenthal (D-Conn.) says that he will examine the transaction, giving it "rigorous evaluation and serious scrutiny." The senator says that he will examine the acquisition to forecast the effect it would have on consumers' pocketbooks. AT&T said that the U.S. Department of Justice will investigate the deal for any antitrust issues.
Time Warner shareholders will receive $107.50 for each share, with half in cash and half in AT&T stock. AT&T says that the deal will add to its earnings in the first year after closing.
Posts: 574; Member since: Nov 12, 2012
If trump wins? HAHA i doubt it.
posted on Oct 22, 2016, 10:35 PM 23
Posts: 2340; Member since: Feb 14, 2011
People thought the same thing about Brexit, so don't be so sure just yet. By the way, I have to hand it to Alan. Create an unnecessary new article, even though the old one was updated with the relevant information, just to include the politics of this deal. It's guaranteed page views and comments. I hope people start to realize this more.
posted on Oct 22, 2016, 11:37 PM 4
Posts: 837; Member since: Jun 23, 2012
Why would bugs Bunny be holding am iPhone? Why not any other device? ATT doesn't own Apple, it was a carrier exclusive up until the iphone4 line. But a website who calls themselves "PHONE"arena, should be unbiased.
posted on Oct 22, 2016, 11:57 PM 4
Posts: 455; Member since: Feb 21, 2013
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posted on Oct 23, 2016, 6:16 AM 1
Posts: 144; Member since: Feb 12, 2012
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posted on Oct 23, 2016, 12:29 PM 0
Posts: 6725; Member since: Jul 11, 2012
Bush won...and he was a wimp. Trump could very well win and I hope he does. Hillary would be toxic just like Obama.
posted on Oct 23, 2016, 7:29 AM 2
Posts: 2124; Member since: May 29, 2014
President Obama is toxic but Trump isn't?? You sound utterly ridiculous. This is a man who has open disdain People of Color and Women. To vote for Trump you either have to be racist and sexist or ok with racism and sexisn. So which are you?
posted on Oct 23, 2016, 9:05 AM 13
Posts: 4974; Member since: Mar 04, 2010
Yeah, Trump's a real tough guy, with his bodyguards and if he got elected President, the US military behind him. Take that away and he's a sniveling sissy born with a platinum spoon in his mouth. The only reason he's even here is family wealth, not his own business acumen. Most every venture he's had has failed and he left his business partners holding the bag. And why do you even care, this isn't your country anyway. I wouldn't wish Trump on any country in the world. Now to be fair, if any Republican but Trump or Cruz would've gotten the nomination, I most likely would've voted for them.
posted on Oct 23, 2016, 9:18 AM 7
Posts: 6032; Member since: Aug 06, 2013
Trump has filed for bankruptcy 6 times, has been sued over 3,500 times, is quoted saying that he'd be his own foreign policy advisor, thinks that our ALLIES should start paying us for our protection against aggressive foreign threats, is for the use of nuclear weapons, has openly reached out to Russia to interfere with a national election, has somehow alienated himself from almost all members of his own political party due to his sheer ignorance. He thinks the president has authority over sovereign nations by thinking that he'll have any say as to whether or not Mexico will pay for an American mandated border wall. He's the first presidential candidate since the 1970's that hasn't released his tax forms and lied about the reasoning why he cannot, and was later revealed that he hadn't paid federal taxes in two decades due to a loss of nearly $1,000,000,000. He is wanting to give breaks to big business, yet absolutely Z-E-R-O of the Fortune 100 CEOs endorse Trump (A very first time for a republican candidate) meaning the most successful businessmen in the world see him for the disaster he is. His supporters say that only he can defeat Isis, yet they're against COMMON SENSE gun laws that restrict people on the no-fly list from purchasing firearms, saying anything of the sort is a violation of their constitutional rights, yet they want to destroy democracy with one of their more recent campaigns to "Repeal the 19th amendment" which granted women the right to vote. To me, it looks particularly ironic that a group of people so dead set on defeating terrorists are ignorant to the fact that they are slowing adopting the violent and oppressive nature of the people they're so desperate to defeat. And then there's all the more personal stuff, more and more sexual assault allegations come out every week, even his ex-wife says he raped her, and this accusation was over two decades ago, so this is nothing new. his objectification of women, his racial stereotyping of minorities, his disrespect of POW, and those suffering from PTSD, ridicule of those with mental or physical handicaps, The simply and absolutely undeniable fact that he denies half the stuff he's ON RECORD for saying, indicating that he's a compulsive liar. Putting that man in charge of the United States is like playing Russian Roulette by yourself, where all chambers of the revolver are loaded.
posted on Oct 23, 2016, 12:05 PM 2
Posts: 144; Member since: Feb 12, 2012
But not as toxic as Bush Jr. hence the vacuum created in the middle east. Lets not forget the fiasco of 911, where the presidents and his cronies made lots of money. One word Halliburton. I guess you miss the good old days, making money.http://www.politifact.com/trut
posted on Oct 23, 2016, 12:19 PM 0
Posts: 7493; Member since: Feb 17, 2016
Trump would promise Mars colonization next year if it could save his sorry ass.....
posted on Oct 22, 2016, 10:42 PM 18
Posts: 30964; Member since: Feb 05, 2011
LMAOOOOO! He'll then say, Mars is rigged.
posted on Oct 23, 2016, 6:50 AM 12
Posts: 6032; Member since: Aug 06, 2013
Hey, I fully support making Trump the supreme ruler and lone occupant of Mars. Elon Musk, MAKE THIS HAPPEN!
posted on Oct 23, 2016, 12:09 PM 2
Posts: 8; Member since: Oct 20, 2016
oMG , Philippines have Duterte the smartest president and with the most genuine thinking while US may have Trump, the most coolest of all.....
posted on Oct 23, 2016, 1:13 AM 0
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