Time Warner merges with AT&T

Shareholders of the parent company of CNN, HBO, TNT, and others namely as Time Warner casted their votes to approve merging with AT&T amounting to $84.5 billion. Although support from shareholders were highly expected, it would be more challenging to receive a green light from the government since US President Donald Trump criticized the deal when he was still running for the office. He believed that CNN distributes fake news. Randall Stephenson, CEO of AT&T, welcomed the criticism. He also stated that since they are a large company, they handle controversies from time to time as well as hundreds of consumers daily. He also believed that by combining Time…
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