AT&T confident on Time Warner merger after talking to Trump team

Enlarge / AT&T will own a bunch of new media properties if it is allowed to buy Time Warner. (credit: Aurich Lawson)

AT&T is reportedly feeling confident about its ability to buy Time Warner after meeting with President-elect Donald Trump’s transition team—even though Trump himself vowed to block the merger during his campaign.

“Donald Trump’s transition team has reassured AT&T that its $85.4 billion acquisition of Time Warner will be scrutinized without prejudice,” the Financial Times reported yesterday. “After talking with the president-elect’s team, AT&T executives are confident that their deal has a good chance of passing regulatory scrutiny, people informed about the conversation said.”

Time Warner, the programming company that owns CNN and HBO, is a separate entity from Time Warner Cable, the ISP that was recently purchased by Charter Communications.

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Source: Ars Technica – AT&T confident on Time Warner merger after talking to Trump team