Company News 

Seven days: 24 November 2017

Seven days: 24 November 2017

Mega-merger blocked

Valued at around $85.4bn (£64.3bn), AT&T’s potential takeover of Time Warner will dwarf the deal Twenty First Century Fox hopes to complete with Sky (SKY). It is therefore unsurprising that the US Department of Justice (DoJ) has sought to block the deal, arguing it would concentrate too much media control in one company. Although the two are not competitors, the regulator said the video distribution infrastructure owned by AT&T, combined with Time Warner’s TV content, could give a combined group power to raise prices for US TV viewers and slow innovation. However, some critics have pointed to President Trump’s dislike of Time Warner-owned CNN as a factor in the DoJ’s lawsuit.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now