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AT&T/TW Ruling Could Be Delayed – Report

Dan Jones
8/8/2017
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The final decision on the proposed AT&T and Time Warner merger has reportedly been delayed in the US capital this week.

The New York Post is reporting that a final U.S. Department of Justice ruling on the $85.4 billion AT&T Inc. (NYSE: T) and Time Warner Inc. (NYSE: TWX) deal could be delayed until at least September because the Senate didn't vote on a key DOJ anti-trust candidate before its August recess in Washington, D.C.

The Post says that Sen. Elizabeth Warren (D-MA) stalled the confirmation of one particular DoJ nominee -- Makan Delrahim -- by delaying putting his name up for a full Senate vote. AT&T is said to favor having Delrahim in place to review the final offer. Warren, meanwhile, has long-held anti-trust objections to the AT&T/TWC deal.

For its part, AT&T has repeatedly said that it expects the deal to close by year's end. (See AT&T Adds 2.8M Subs Across US & Mexico, Various Connected Devices in Q2.)

— Dan Jones, Mobile Editor, Light Reading

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Phil_Britt
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Phil_Britt,
User Rank: Light Sabre
8/9/2017 | 6:57:47 PM
Re: Politics
You are right about hurting consumer choice, but government hasn't cared about that for an extremely long time -- with only a few exceptions. I am in a rare area with more than one cable provider. Look at airlines today. The more mergers that are allowed, the more companies can just ignore customer service because monopolies and oligarchies are in power.
DanJones
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DanJones,
User Rank: Blogger
8/8/2017 | 3:41:45 PM
Re: Politics
Fun fact: AT&T CEO Randall Stephenson is also president of the Boy Scouts in the US.
danielcawrey
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danielcawrey,
User Rank: Light Sabre
8/8/2017 | 3:28:02 PM
Politics
This sounds pretty politicial to me. 

Look, I can see why Warren would want to stop the deal. You have to question whether this is good for consumers. It might provide some benefits, but is it worth ruining consumer choice?
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