US senate to hold hearing on proposed AT&T acquisition of Time Warner

US Senator Bernie Sanders said in a statement that President Obama administration should kill the Time Warner/AT&T merger, adding that this deal would mean higher prices and fewer choices for the American people.

US senate to hold hearing on proposed AT&T acquisition of Time Warner
AT&T agreed on Saturday to buy Time Warner for $85.4 billion, Xinhua news agency reported. Photo: Youtube

The US Senate committee on antitrust will carefully examine an acquisition of Time Warner Inc by AT&T Inc., Fox Business reported on Sunday.

AT&T agreed on Saturday to buy Time Warner for $85.4 billion, Xinhua news agency reported.

US Senator Bernie Sanders said in a statement that President Obama administration should kill the Time Warner/AT&T merger, adding that this deal would mean higher prices and fewer choices for the American people.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

Written By: IANS
Updated: Mon, Oct 24, 2016
08:32 am
Washington, IANS