Donald Trump's stance against AT&T Inc.'s takeover of Time Warner Inc. may herald a broader intervention in mega-mergers under the next U.S. administration.
Trump, who defeated Hillary Clinton in Tuesday's presidential election, has vowed to block the $85.4 billion transaction — the largest deal announced globally this year — calling it "poison" to democracy.
"As an example of the power structure I'm fighting, AT&T is buying Time Warner and thus CNN — a deal we will not approve in my administration because it's too much concentration of power in the hands of too few," Trump said in a speech in Gettysburg, Pa., on Oct. 22, the same day the deal was announced.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
