US senate to hold hearing on proposed AT&T acquisition of Time Warner
The US Senate committee on antitrust will carefully examine an acquisition of Time Warner Inc by AT&T Inc., Fox Business reported on Sunday.
AT&T agreed on Saturday to buy Time Warner for $85.4 billion, Xinhua news agency reported.
US Senator Bernie Sanders said in a statement that President Obama administration should kill the Time Warner/AT&T merger, adding that this deal would mean higher prices and fewer choices for the American people.
--IANS
lok/
Disclaimer: No Business Standard Journalist was involved in creation of this content