A PYMNTS Company

US: Senators caution DOJ on AT&T & Time Warner

By  |  June 21, 2017

A group of Senate Democrats, led by Sen. Al Franken (D-Minn.), are urging the Justice Department to reject AT&T’s proposed US$85 million acquisition of Time Warner if the government determines that harms outweigh the benefits.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In their letter to Attorney General Jeff Sessions, the senators said that they had concerns that the deal would further consolidate the pay-TV industry, leading to higher prices and less choice. They also say that any conditions put on the deal would be unreliable and unenforceable.

    The letter states, “Should you determine that the substantial harms to competition and consumers arising from the transaction outweigh the purported benefits, you should reject the proposed acquisition.”

    The letter was also signed by Sen. Ed Markey (D-Mass.), Sen. Elizabeth Warren (D-Mass.), Sen. Ron Wyden (D-Ore.), Sen. Richard Blumenthal (D-Conn.), Sen. Jeff Merkley (D-Ore.), Sen. Maria Cantwell (D-Wash.), Sen. Sherrod Brown (D-Ohio), Sen. Tammy Baldwin (D-Wis.), Sen. Cory Booker (D-N.J.) and Sen. Bernie Sanders (I-Vt.).

    Full Content: Variety

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.