Business Companies 07 Dec 2016 CEOs of AT&T, Ti ...

CEOs of AT&T, Time Warner to sell merger to skeptical Senate

AP
Published Dec 7, 2016, 10:59 am IST
Updated Dec 7, 2016, 11:00 am IST
They want to convey that merger of their two companies will mean innovative new experiences for consumers.
AT&T logo.
 AT&T logo.

Washington: The CEOs of AT&T and Time Warner are heading to Capitol Hill in a bid to convince senators that a merger of their two companies will mean innovative new experiences for consumers.

They can expect a skeptical audience.

 

The CEOs, Randall Stephenson of AT&T and Jeffrey Bewkes of Time Warner, are due to appear Wednesday before a Senate antitrust panel whose Republican chairman and senior Democrat have said the proposed $85.4 billion merger of the communications giants would potentially raise significant antitrust issues.

Other critics range from industry analysts and public-interest groups to President-elect Donald Trump, who promised on the campaign trail that he'd kill the deal because it concentrates too much "power in the hands of too few."

 

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