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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

Bloomberg business news — Trump Said to Still Be Opposed to AT&T-Time Warner Deal

By

Gerry Smith and

January 5, 2017, 6:41 PM UTCUpdated onJanuary 5, 2017, 11:18 PM UTC

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.