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AT&T and Time Warner have a plan to dodge merger review

collected by :Rechard Bernard

follow the latest news of” market news” from different sites to most famous technicals /Todd Shields by 2017-01-08 at 6:7

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AT&T Says It Can Take Easier Route to Time Warner Purchase

AT&T Says It Can Take Easier Route to Time Warner Purchase*/

– AT&T Inc. and Time Warner Inc. said they can avoid having the Federal Communications Commission scrutinize their proposed merger, eliminating a significant hurdle in the path of the $85.4 billion deal that’s attracted criticism from President-elect Donald J. Trump.“While subject to change, it is currently anticipated that Time Warner will not need to transfer any of its FCC licenses to AT&T in order to continue to conduct its business operations after the closing of the transaction,” the companies said in a regulatory filing dated Thursday.Time Warner has been looking to transfer or sell its licenses to another broadcaster for some time, according to a person familiar with the matter.
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AT&T and Time Warner have a plan to dodge merger review

AT&T and Time Warner have a plan to dodge merger review*/

– The merger is strongly opposed by consumer groups since it would give AT&T control over Time Warner properties like CNN, HBO and the Harry Potter franchise.It could then favor that content on its DirecTV cable and internet platforms by offering them at lower rates.Time Warner needs FCC licenses so that HBO and other stations can transmit programs to satellites and back down to pay-TV distributors.
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AT&T says the FCC does not need to review its Time Warner acquisition

AT&T says the FCC does not need to review its Time Warner acquisition*/

– WASHINGTON – AT&T is trying to ease its way out of scrutiny by the Federal Communications Commission over the wireless and TV giant’s $85 billion acquisition of Time Warner.Telecom regulators shouldn’t need to analyze the deal because it will be beyond their jurisdiction, AT&T signaled in a filing Thursday to the Securities and Exchange Commission.By potentially eliminating a layer of oversight, the claim could accelerate the merger’s approval in Washington, where federal antitrust officials are also expected to review the proposed purchase.
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