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AT&T Completes $85 Billion Time Warner Acquisition (axios.com)
AT&T on Thursday evening said that it has completed its $85 billion purchase of Time Warner, just two days after a judge ruled that the deal, originally announced two years ago, could proceed over objections from U.S. antitrust regulators. From a report: The Department of Justice did not file for an emergency stay of the judge's ruling, per the judge's request, but still reserves the right to appeal. In a statement, Randall Stephenson, chairman and chief executive of AT&T said moving forward his company will bring a fresh approach to how the media and entertainment industry works for consumers, content creators, distributors and advertisers. "The content and creative talent at Warner Bros., HBO and Turner are first-rate. Combine all that with AT&T's strengths in direct-to-consumer distribution, and we offer customers a differentiated, high-quality, mobile-first entertainment experience," he said.
What fucking reality are you living in? Because it's not the one where the Trump administration's FCC just approved the merger in the FA over the objections of the Justice Department on the grounds it'll hurt consumers. Or the one where the Trump administration gave 1.5 Trillion in tax breaks to corporations that are busy using it to consolidate, buy up outstanding stock, buy smaller companies and gear up automation to lay people off.
Launched the campaign on his own dime? Oh, I expect we'll need to overlook all the pac money he got, the wealthy donors he slimed. About halfway down the page at https://www.opensecrets.org/ne... shows his campaign donors. And his own money was in the form of loans if memory serves correct.