Why the AT&T-Time Warner Deal Faces a Political Firewall
Bonds of AT&T Inc. plunged amid concern the telecom giant’s $85.4 billion takeover of Time Warner Inc. will lead to a ratings downgrade. The number-two U.S. wireless provider’s 1 billion pounds ($1.2 billion) of notes due in June 2043 fell 3 pence on the pound to 107 pence, the biggest decline since they were issued in May 2013, according to data compiled by Bloomberg. Donald Trump said he would block the AT&T Inc.-Time Warner Inc. tie-up if he becomes president, arguing that such media combinations leave too much power concentrated among too few companies, including ones he says are hostile to his presidential bid and rigging the election for Hillary Clinton. Liberum Capital Head of European Media Research Ian Whittaker discusses with Mark Barton on "Bloomberg Surveillance."
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Why a Comcast Takeover of Verizon Makes Sense
02:06 - Comcast should purchase Verizon as both companies need to push fiber deeper into neighborhoods and wireless would allow CMCSA to extend Internet connectivity beyond the home, Citi analyst Jason Bazinet wrote in a note. Bloomberg's Alex Sherman reports on "Bloomberg Markets." (Source: Bloomberg)