ALSO READTrump govt moves to block AT&T-Time Warner $85-bn deal AT&T's $85-bn bid for Time Warner hangs in limbo $85.4-bn AT&T-Time Warner deal not yet dead, says Dish CEO Ergen US government approaches 18 states to fight AT&T-Time Warner deal US sues to block AT&T from buying Time Warner, says would hike rates
US President Donald Trump said on Tuesday the huge merger planned between AT&T and Time Warner, and now challenged by the antitrust regulators, is "not good for the country." Trump's remarks came a day after his Justice Department filed suit to block the proposed $85 billion deal linking AT&T's internet and pay TV operations with the content from Time Warner, which includes HBO and CNN news channel with which he has feuded. "I'm not going to get involved in litigation but personally I've always felt that that was a deal that was not good for the country," Trump said as he departed the White House.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)