Deals
Trump Tells Confidant He Still Opposes AT&T-Time Warner
- Chief strategist Bannon also said to oppose Time Warner merger
- Trump publicly said he’d block the deal during campaign speech
Trump Said to Still Be Opposed to AT&T-Time Warner Deal
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Donald Trump remains opposed to the megamerger between AT&T Inc. and Time Warner Inc. because he believes it would concentrate too much power in the media industry, according to people close to the president-elect, who has been publicly silent about the transaction for months.
Trump told a friend in the last few weeks that he still considers the merger to be a bad deal, said one of the people, who asked not to be identified because the conversation was private. Trump’s chief strategist, Steve Bannon, is also opposed to the deal, another person said.