If AT&T’s $85 billion bid for Time Warner was allowed to proceed, it could lead to a new wave of media and telecom mergers, and smooth the way for deals like the Sprint-T-Mobile merger announced on Sunday, said Dan Primack, the business editor at Axios.
A federal judge heard arguments Monday over the potential impact of the AT&T-Time Warner deal on consumers. The Department of Justice sued to block the deal for fear it would give AT&T too much power. The wireless company argued there is plenty of competition from content companies such as Disney and new media powerhouses like Google and Netflix that would counterbalance its influence if it were to take over a content shop like Time Warner.
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