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AT&T-Time Warner would be largest entertainment company

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(Los Angeles Times) AT&T and Time Warner Inc. came closer to announcing an $80-billion merger on Saturday, questions were already emerging over whether the union would create an entertainment colossus with too much power.


Republican presidential nominee Donald Trump said Saturday that his administration would block such a massive merger between AT&T and Time Warner Inc. if he is elected president.


The deal, which appears to be imminent, would turn telephone giant AT&T, a company already valued at $230.6 billion, into the nation’s largest entertainment company, surpassing Walt Disney Co. and Comcast Corp., which owns NBC Universal.


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