Elizabeth Warren said she supports the Department of Justice’s (DOJ) decision to block AT&T’s merger with Time Warner, while also expressing concerns about the agency’s autonomy under President Trump.
Warren said in a speech on Wednesday, December 6, that AT&T’s US$85 billion deal is an example of a merger whose scale poses a threat to competition and, consequently, consumers.
“By bringing together one of the nation’s leading content distributors and one of the world’s largest TV and entertainment companies, this merger invites higher prices, fewer choices and worse service for consumers,” the Massachusetts senator said during an event with the left-wing think tank Open Markets Institute in Washington, DC.
Warren however said that while she thought AT&T’s merger with Time Warner and others like it should not be approved by the federal government, the DOJ’s move to stop the merger still raises concerns.
“At the same time, the Justice Department’s move rings alarm bells. The President’s attacks on our free press have cast a cloud of suspicion over the decision to block the merger,” Warren said. “It’s essential that the courts and the public approach this case as they would any other – based on the law and the facts, and not on President Trump’s repeated efforts to punish his enemies.”
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI