The chief executives of AT&T Inc. and Time Warner Inc. defended their proposed $85.4 billion merger in the face of skeptical U.S. lawmakers Wednesday, telling an antitrust panel that the deal would bring added competition to the media industry and widely benefit consumers.
December 07, 2016 at 01:44 PM
1 minute read
“No one has said it better than the president-elect,” Kimmelman said. “It is in that environment we urge you look at this carefully and enforcers not to take risk with a transaction that could be harmful to that democratic process and consumer’s pocketbooks.”
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