Politicians question terms of $85bn deal and Wall Street worries that political and regulatory roadblocks could hinder the takeover Shares in AT&T and Time Warner fell on Monday as Wall Street investors expressed concerns that political and regulatory roadblocks may thwart AT&Tâs $85bn (70bn) takeover of the Hollywood movie studio and owner of CNN and HBO.
Time Warner shares fell 2.2% to $87.50 â far below the offer price of $107.50 â as trading opened on the recent York Stock Exchange on Monday. AT&T shares fell 1.5% to $36.93. Related: AT&T agrees to buy Time Warner for $85bn as Trump slams deal The administration should destroy the Time Warner-AT&T merger. This deal would mean higher prices and fewer choices for the American people. Related: Trump and Clinton camps raise concerns over AT&T-Time Warner deal Continue reading...
Source: theguardian.com