In a spirited defense of his outfit’s attempted $85bn bid to buy Time Warner before a federal court, AT&T chief Randall Stephenson said the deal will help the telecoms operator compete in the media space, countering the dominance of players such as Amazon, Facebook, and Google.
Detailing his rationale for the proposed merger, which has been opposed by the Department of Justice on antitrust grounds, Stephenson denied allegations that AT&T would use control of Time Warner to disadvantage other cable companies by making itself the exclusive content distributor of Time Warner content.
Under questioning from lawyers, he also said the Read full story ›
Source: The Drum
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