– As an example of the power structure I fights, buy AT&T, Time Warner, a deal my administration will not approve, because there is too much concentration of power in the hands of too few, ” said the republican presidential candidate during a speech Saturday, writes CNN Money.
Saturday night, us time, confirmed the american telekomgiganten AT & T that they buy media group Time Warner for 85 billion dollars, the equivalent of 660 billion. The boards of both companies have approved the agreement.
– This is a perfect match between two companies that complement each other’s strengths and who can provide a fresh approach to how media and kommunikasjonsindustrien works today, for customers, innholdsprodusenter, distributors and advertisers, ” says ceo Randall Stephenson.
the Agreement gives AT&T access to a large innholdsprodusent, when they now want to diversify away from its core business in telecom, and is expected to be in place at the end of 2017.
Trump also said during the speech that if he is elected, he will try to break up the merger between the United states ‘ largest cable company Comcast and NBCUniversal, which occurred in 2011.
– They concentrate too much power in a massive device that’s trying to tell voters what they should think and do, ” said Trump.
Deals like this destroy democracy.
Trump said that he also also want to break up other similar companies.
Time Warner rally after oppkjøpsrykter
– Inappropriate
the Statements came in connection with the fact that he generally criticized the media because he thinks they ar covered the campaign of his oblique.
Presidentkandidatens statements shocked several experts, according to CNN. Republicans are usually supportive of acquisitions and mergers, while the democrats tend to be more sceptical.
Trump’s desire to break up these companies, puts him far to the left of president Barack Obama, who approved its acquisition of NBCUniversal.
– It is completely inappropriate for a president (or candidate) to tell the attorney general how to solve the case, before the department of justice has had the chance to come up with a recommendation, ” says lawyer Andrew Jay Schwartzman, who specializes in telecommunications and media policy, to CNN Money.
Will be reviewed
such acquisition must be approved by the u.s. antitrustlovgivere, which determines how large maktkonsentrasjonen may be among companies.
AT&Ts acquisition will probably be scrutinized thoroughly by the legislature, when AT&T is already the third-largest cable-tv provider in the united STATES.
It is not certain the legislature will approve even a gigantavtale, writes CNBC.
Stephenson looking dog not for themselves that there are some regulatory barriers in connection with the merger, and that everything would be taken care of if it should be there.
the Stock rally
on Friday afternoon, rumors started about a possible acquisition to swirl, which also manifested itself in the market. Time Warner shares increased about eight percent on Friday.
Then reported the WSJ that AT & T, which is the world’s largest telecommunications company, shall have been in negotiations with Time Warner for several weeks.
the Portfolio of Time Warner count cable and TELEVISION networks CNN and HBO, the film company Warner Bros and magazines like People and Sports Illustrated.
the AT & T was at 146 billion dollars in the last year, while Time Warner had a turnover of 28.1 per billion in 2015.
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