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Market News

For AT&T, Time Warner was always on the menu

An AT&T logo is seen at an AT&T store in New York CityBy Liana B. Baker NEW YORK (Reuters) - When Time Warner Inc's Jeff Bewkes welcomed AT&T Inc's Randall Stephenson for lunch at Time Warner Center in New York in late August, their meeting was supposed to be one of the catch-ups the two chief executives have had over the years. Stephenson and Bewkes discussed how Time Warner could reach more customers through AT&T's mobile network, and how that content could reinforce the loyalty of customers.

AT&T-Time Warner deal sparks calls for scrutiny in Washington

Signage that reads Time Warner is seen at the Time Warner Center in New York CityBy Julia Edwards and Diane Bartz WASHINGTON (Reuters) - AT&T Inc's agreement to acquire Time Warner Inc for $85 billion drew skepticism from both Democrats and Republicans on Sunday, making it more likely that regulators will scrutinize the effort to create a new telecommunications and media giant. The deal, announced just two weeks before the U.S. election, may be the strongest sign yet that corporate America expects Democrat Hillary Clinton to be the next president and maintain the same tenor as President Barack Obama on anti-trust and regulatory enforcement, which is seen as already tough. Clinton spokesman Brian Fallon told reporters on Sunday there were "a number of questions and concerns" about the deal "but there's still a lot of information that needs to come out before any conclusions should be reached." Democratic vice presidential candidate Tim Kaine and several U.S. lawmakers said on Sunday that the deal may raise antitrust issues, one day after Republican presidential candidate Donald Trump also criticized the deal.


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