Why did AT&T and Time Warner unveil merger mid-election? Panic, perhaps
Denunciations of the deal by politicians may have weighed less than fear that rivals might pre-empt them with synergy of content production and distribution
The dealmakers behind the proposed mega-merger of AT&T and Time Warner have accomplished the impossible: uniting Hillary Clinton, Donald Trump and Bernie Sanders in their condemnation of the deal.
Trump, needless to say, has been the most vituperative. The merger would “destroy democracy”, he said. But pretty much everyone in Washington has publicly come out against it. Sanders, Clinton’s opponent for the Democratic nomination and now campaigning on her behalf, is already preparing to battle a future Clinton administration to ensure that anti-trust regulators turn thumbs-down on the deal. Lining up beside him? Powerhouse senator Elizabeth Warren.
Related: What will AT&T’s acquisition of Time Warner mean for customers?
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