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AT&T's $85B US Bid For Time Warner Sparks Antitrust Fears in Washington (www.cbc.ca)
An anonymous reader writes: 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." Among those new properties are HBO, Turner Broadcasting System and Warner Bros., which would give them ownership of Cinemax, CNN and DC Comics, to name a few. Last year, AT&T completed the purchase of DirecTV, the country's largest satellite television provider. In an interview with NBC News, Klobuchar pointed to past mega-media acquisitions -- including the purchase of NBCUniversal by Comcast in 2011 and of Time Warner Cable by Charter Communications -- and said the "sheer volume" of the deal should give regulators pause.Presidential candidate Donald Trump has said that he would not approve of this deal if elected as the President. In the meanwhile, Bernie Sanders have also asked Obama administration to kill this agreement. The Vermont Senator said, "The deal would mean higher prices and fewer choices for the American people,"
Both Donald Trump and Bernie Sanders oppose this merger.
The fact that he might have a position that agrees with Bernie Sanders on some random issue is actually rather high since Trumps opinions are selected apparently at random. Anything that comes out of his mouth may as well have been chosen by throwing darts at a list of policy options. And he has a high probability of denying his positing ever having been his position the following day even if he was recorded saying it. But some amount of them will agree with Sanders just by pure chance.