The hyped merger between AT&T and Time Warner is upon us.
The proposed union appears poised to break the industry’s back.
Warner Brothers, Game of Thrones, TNT, the list goes on and on.
We won’t be able to escape AT&T if the deal goes through, two massive compaines will become one.
The deal is worth $84.5 billion.
There was some initial concern that the merger would run afoul of anti competitive legislation, the congolmerate would not have much competition on paper.
AT&T has assured everyone that is not the case.
The sale is currently under review by the Department of Justice, and the lawyers for the government are demanding that CNN be sold before the deal goes through.
The Department of Justice wants AT&T to unload CNN before it can complete its $84.5 billion acquisition of Time Warner, according to a report Wednesday.
“It’s all about CNN,” said one person with direct knowledge of the talks between the company and the DOJ, adding that the regulator made it clear to AT&T that if it sold CNN the deal would go through.
It’s difficult for anyone not to associate the odd behavior of the DOJ with President Trump.
For starters, it’s his Justice department, and how many times has the President blasted CNN on Twitter or television for reporting “fake news”.
The situation gets even stranger when you consider Roger’s Stone’s tweet storm before the social media platform banned him for life.
The Trump administration is attempting to weaken CNN, to deprive the network of the unlimited resources that will be at hand when the sale goes through.
Insiders believe this is an deliberate attempt by the federal government to interfere in private business, if AT&T has passed the bench test as far as anti trust legislation is concerned, there isn’t sound legal reasoning to hold up the deal.
In this case, the appears government is engaging in autocratic practices, certain individuals within the executive branch of the government are attempting to the control the free press while disrupting free trade that could potentially affect some people’s bottom lines.