AT&T was confident it would win regulatory approval for its US$85.4 billion acquisition of Time Warner before year’s end as the Justice Department continues its review, but was still awaiting details about any final requirements for the deal, a senior executive said.
Bob Quinn, AT&T’s senior executive vice president for external and legislative affairs, said in a C-SPAN interview this week that the telecommunications company was unclear what final conditions the Justice Department may seek as part of any approval.
“That conversation is just beginning really,” Quinn said. “We’ve gotten through the point where we’re produced all the data and answered all the questions and I think that process will kick off this summer.”
In June, a Senate panel voted 19-1 to advance the nomination of Makan Delrahim, who was chosen by President Donald Trump to be the top US antitrust regulator. The Senate must still vote to confirm Delrahim and it is not clear when they will vote.
Until Delrahim is confirmed, “it is kind of hard to predict whether even the list that we see preliminarily will be the final list that they want to close on,” said Quinn, without elaborating.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI