GOLDEN VALLEY, Minn. – AT&T’s plan to acquire Time Warner for $85.4 billion dollars would be among the biggest mergers of all time.
That is, if it receives the blessing from United States regulators.
“Overall, the 'bigness' of this deal, the fact you already have AT&T involved in cable and DirecTV, combining with a content provider, is a great and significant anti-trust concern,” said Minnesota Senator Amy Klobuchar.
The democrat is concerned about what the proposed merger means for consumers.
“You've got to worry about consolidation. Bigger isn't always better for consumers. When you have less competition, there's less reason for prices to go down,” remarked Klobuchar.
Time Warner’s media portfolio includes HBO, CNN, TNT, TBA and Warner Bros. film studio.
“When you have things combine like that then it becomes harder for other cable companies and consumers to access some of that content. That is one of the concerning things about the deal. If it does go though, how would you structure it so that is an even playing field for everyone,” said Klobuchar.
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