A group of mostly Democratic senators led by Al Franken (D-Minn.) today urged the Department of Justice to block AT&T’s proposed $85.4 billion acquisition of Time Warner Inc. The senators’ letter to Attorney General Jeff Sessions predicts that “the combined company’s unmatched control of popular content and the distribution of that content will lead to higher prices, fewer choices, and poorer quality services for Americans.”
The Democrats couched their language a bit and said that the DOJ should block the merger if it “determine[s] that the substantial harms to competition and consumers arising from the transaction outweigh the purported benefits.”
