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News: General

AT&T and Time Warner Claim Merger Won't Need FCC Review

Friday, January 6, 2017   (0 Comments)
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From Deadline:

AT&T and Time Warner tucked an interesting news nugget into a more than 150-page SEC filing last night about the telco’s $85 billion acquisition deal: They now say they don’t believe that an FCC review will be necessary because “Time Warner will not need to transfer any of its FCC licenses to AT&T in order to continue to conduct its business operations after the closing of the transaction.”

The companies add that that’s “subject to change.”

The disclosure could be important: If the Trump administration wants to block the deal, it would have its best shot via the FCC, which determines whether transactions serve the public interest. That’s open to broad interpretation.

- Read the full article at Deadline.com


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