US to examine AT&T deal to buy Time Warner

Monday, 24 October 2016 - 11:42


US lawmakers and both presidential candidates have raised questions about AT&T's deal to buy Time Warner.

The US telecoms giant, already the country's third largest cable provider, is paying 85.4 billion dollars for the company, which owns CNN and HBO.

A Senate subcommittee responsible for competition will hold a hearing in November.

However, AT&T's chief executive Randall Stephenson believes regulators will approve the deal.