Other businesses watch to see if the phone giant can push its planned merger with Time Warner through a still-undefined presidency
By Thomas Gryta,John D. McKinnon and Keach Hagey:
Few companies had more at stake in the presidential election than AT&T, which made an $85 billion wager last month that would turn the giant telephone company into one of the world’s biggest media companies by swallowing Time Warner.
When the news was announced, Donald Trump told supporters in Gettysburg, Pa., he would block the deal if elected president. “It’s too much concentration of power in the hands of too few,” he said, calling the merger “an example of the power structure I am fighting.”
How the deal fares has become a test how of the Trump administration balances its deregulatory impulses with its populist aversion to large, powerful companies. Many other businesses are watching the merger as a signal of what’s to come…..