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AT&T Says It Can Take Easier Route to Time Warner Purchase

  • In filing, companies say they can avoid FCC license review
  • Proposed deal has drawn criticism from President-elect Trump
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AT&T: DOJ Requested In-Depth Time Warner Review

Corrected

AT&T Inc. and Time Warner Inc. said they can avoid having the Federal Communications Commission scrutinize their proposed merger, eliminating a significant hurdle in the path of the $85.4 billion deal that’s attracted criticism from President-elect Donald J. Trump.

“While subject to change, it is currently anticipated that Time Warner will not need to transfer any of its FCC licenses to AT&T in order to continue to conduct its business operations after the closing of the transaction,” the companies said in a regulatory filing dated Thursday.