FX.co ★ US politicians oppose AT&T-Time Warner merger

Last week, US telecom operator AT&T announced plans to acquire Time Warner in an $85.4 billion deal. However, regulators have not approved the deal yet. Along with that, a growing number of politicians oppose this merger.
Thus, former Democratic nominee for president Bernie Sanders is calling on the government to block the deal. He claimed the merger will lead to higher prices and will deprive people of the choice.
In the meantime, Mike Lee, the chairman of the Senate subcommittee on antitrust said that the deal between AT&T and Time Warner raises serious questions and concerns. "An acquisition of Time Warner by AT&T would potentially raise significant antitrust issues, which the subcommittee would carefully examine," he said.
The details of the merger are already known. AT&T will pay $107.5 for each Time Warner share, worth $85.4 billion overall. However, including Time Warner's net debt, the total transaction value is $108.7 billion.
The merger has already been approved by the boards of directors of both companies. The deal could become one of the largest acquisitions of all time as AT&T is a leading telecom operator in the US, while Time Warner is the biggest media conglomerate.