Clinton's camp to rely on DOJ scrutiny of AT&T's bid for Time Warner

Clinton's camp to rely on DOJ scrutiny of AT&T's bid for Time Warner
With the latest polls showing her with a double digit lead two weeks before the presidential election, Hillary Clinton weighed in on Saturday's big merger announcement. Unless you were really out of the loop Sunday, you might have heard that AT&T is spending $85.4 billion to purchase Time Warner. Not terribly long after the deal was announced yesterday, Republican presidential candidate Donald Trump said that if he wins the election, the transaction will be toast. Clinton revealed her position on Sunday evening.

Clinton spokesman Brian Fallon spoke with reporters and said that there are "a number of questions and concerns" about the transaction. The spokesman added that "there's still a lot of information that needs to come out before any conclusions should be reached. But certainly she (Clinton) thinks regulators should scrutinize it closely." The more thoughtful response from the former Secretary of State's camp comes in contrast to Mr. Trump's thoughts about the transaction. "It's too much concentration of power in the hands of too few," the real estate developer and reality show host said about AT&T's bid.

This isn't the first time that the Justice Department will play a big role in determining whether an AT&T purchase gets done. In March 2011, AT&T offered to buy T-Mobile for $39 billion, creating the largest carrier in the U.S. The DOJ filed suit to block the deal and AT&T decided not to proceed six months later. In the Time Warner purchase, AT&T will get control of Warner Brothers movie studio, CNN, HBO, TBS and TNT. It also will get 10% of Hulu. If the deal closes, the nation's second largest carrier will be full of content for its subscribers.

source: Reuters

FEATURED VIDEO

6 Comments

1. HugoBarraCyanogenmod

Posts: 1412; Member since: Jul 06, 2014

Using ATT 5years and now since ATT is with her I will switch my carrier to TMo this November, massive disappointment to ATT No more corruption!!

4. ibap

Posts: 871; Member since: Sep 09, 2009

There's always something that someone can classify as corruption, and it's even more likely to be classified that way if it is in opposition to someone's own interests. Also, if you've worked in the public sector, you have a history. If you've worked solely in the private sector, you can better keep your dirty laundry hidden, and have less history to criticize. I don't see where you get "ATT is with her". Clinton wouldn't have even commented on this if Trump hadn't stuck his two cents in. Having worked in government, she'd have let the DOJ do their job before commenting at all.

2. Derekjeter

Posts: 1556; Member since: Oct 27, 2011

These two morons (Trump, Clinton) shouldn't stick their noses in something so complex for them to understand. Specially Trump and his supporters should stay the f@ck out of this. AT&T should be allowed to buy whatever they want. Isn't that the American way?? I, being a AT&T customer would love to have more conten to stream while I'm at work. DirecTV already offers a large library of content, but I wouldn't mind having more. Go for it AT&T!! f**k THE DOJ!

3. Awalker

Posts: 1986; Member since: Aug 15, 2013

The DOJ will examine the deal and determine if it's within the law. That's their job.

5. ibap

Posts: 871; Member since: Sep 09, 2009

It is probably in the public interest for the carriers and the content providers to be separate operations, but we've passed that point.

6. Dr.Phil

Posts: 2487; Member since: Feb 14, 2011

If you're going to report on Clinton, then I think it is only fair that you mention AT&T's top lobbyist has thrown his support behind her: http://www.dslreports.com/shownews/ATTs-Top-Lobbyist-Backs-Hillary-Clinton-137272 If anyone thinks she is going to be against this deal, then you obviously live in a fantasyland where politicians don't sell out their positions to the highest bidder.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.