New York, October 25 (RHC)-- The U.S. telecommunications giant AT&T has agreed to purchase Time Warner for $85 billion. If approved by federal antitrust regulators, the merger would give AT&T control over Warner Brothers film and television studios, along with CNN, TNT, HBO and many other brands.
Critics warn of further limits to competition and higher prices for customers. The merger could also allow AT&T to give preferential treatment to streaming video from Time Warner’s companies, which would violate the principles of net neutrality.
AT&T Agrees to Purchase Time Warner in $85 Billion Deal
Related Articles
Commentaries
MAKE A COMMENT
All fields requiredMore Views
- Granma seeks alternatives to continue classes in earthquake-affected centers, with teachers offering their homes
- Annual solidarity conference of National Network on Cuba underway in U.S. city of Detroit, Michigan
- World Bank reports Israel’s aggression inflicts $8.5 billion in economic losses on Lebanon
- Cuba denounces and warns of indiscriminate Israeli attacks in Damascus and Beirut, including near Cuba's diplomatic headquarters
- Africa: International conference in Niger supports anti-imperialist struggle of Sahelian peoples