Jan 5 Donald Trump remains opposed to AT&T Inc's
planned $85.4 billion acquisition of Time Warner Inc
, Bloomberg reported, citing people close to the
Trump believes the deal would concentrate too much power in
the media industry, Bloomberg reported. (bloom.bg/2jfkJlx)
Shares of AT&T were down 0.3 percent, while Time Warner's
stock was down 1.4 percent.
Trump during his campaign had said AT&T's proposal to buy
the owner of CNN and the Warner Bros movie studio was an example
of a "power structure" that was rigged against him and voters.
Trump's transition team was not immediately available for
(Reporting by Anya George Tharakan in Bengaluru; Editing by