Deals
Big, Big Media; Blankfein’s ‘Yes’ on Clinton: Saturday Wrap
- Hack that slowed many popular websites abates overnight
- Alibaba’s Ma calls on China to prevent crime using big data
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Here are highlights of Saturday’s top breaking stories from around the world:
AT&T agreed to acquire Time Warner Inc. in an $85.4 billion deal that creates a media behemoth combining pay-TV, internet, wireless and the content to fill those channels. Donald Trump could be an obstacle, as he said in a campaign speech that he would look to block the deal if elected. Trump said big media deals are concentrating too much power in a few hands and helping lead to biased news coverage he claims is rigging the election in Hillary Clinton’s favor.