Media executives dreaming of megamergers got a wake-up call this week: the Trump administration isn’t the rubber stamp they’d once thought it would be.
In media circles, the Trump presidency was seen as ushering in a new era of consolidation, largely because Republican administrations are thought to be more business-friendly.
Now, Washington is no longer considered a sure thing. In the first major test of its approach to merger reviews in the Trump era, the Justice Department has pushed back against AT&T Inc.’s $85.4 billion takeover of Time Warner Inc., throwing the deal into jeopardy.
AT&T had expected the deal ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.