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Senate to hold hearing on AT&T acquisition of Time Warner

AT&T announced it plans to buy Time Warner on Saturday for $85.4 billion

An AT&T Logo is pictured on the side of a building in Pasadena, California.<b>Photo: Reuters<b/>

Reuters Washington

Last Updated : Oct 24 2016 | 3:23 AM IST

The US Senate subcommittee on antitrust will hold a hearing sometime this year on AT&T Inc's planned acquisition of Time Warner, a spokesman for the subcommittee's chairman, Mike Lee, said on Sunday.

AT&T announced it plans to buy Time Warner on Saturday for $85.4 billion, raising concerns among US lawmakers about antitrust issues.

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First Published: Oct 23 2016 | 10:58 PM IST