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FCC won't review AT&T - Time Warner Merger

2017-02-27 16:54 by
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It has been confirmed - AT&T and Time Warner don't have to worry about the FCC reviewing their proposed $85 billion merger. FCC chairman Ajit Pai said today that he doesn't expect the commission to review AT&T's purchase of Time Warner.

"That is the regulatory hook for FCC review," Pai said, according to The Wall Street Journal. "My understanding is that the deal won't be presented to the commission."

If the FCC is out of the picture, then the deal would only have to pass muster with the Justice Department, which could oppose it only if it finds an antitrust problem.

The fact that the FCC likely won't review the transaction doesn't mean that the merger will necessarily go through - there's a lot of opposition to it from consumer advocacy groups, and President Donald Trump has said he opposes the deal on multiple occasions, although he hasn't commented on it since taking office.

Read more -here-

 

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