President-elect Donald Trump is to meet with AT&T executives Thursday at Trump Tower in order to discuss the company's multi-billion dollar deal to buy Time Warner, Bloomberg Politics reports. Trump reportedly opposes the deal.
Trump does not have much wiggle room to block the merger, though. "The Justice Department could sue to stop the transaction, but it would have to convince the courts that the deal would threaten competition," Bloomberg writes. "That could be tough because AT&T isn't buying a direct competitor." Typically, antitrust matters are handled by the Justice Department, not the president, but people close to Trump say he believes the Time Warner deal would focus too much of the power in the media industry in one company.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The Miami Showband massacre, 50 years onThe Explainer Unanswered questions remain over Troubles terror attack that killed three members of one of Ireland's most popular music acts
-
Tea app hack: user data stolen from women's dating safety appIn The Spotlight Data leak has led to fears users could be targeted by men angered by the app's premise
-
The Assassin: action-packed caper is 'terrific fun'The Week Recommends Keeley Hawes stars as a former hitwoman drawn out of retirement for 'one last job'
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
