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AT&T does not expect to seek FCC approval to buy Time Warner
January 6, 2017 / 3:28 PM / 9 months ago

AT&T does not expect to seek FCC approval to buy Time Warner

WASHINGTON, Jan 6 (Reuters) - AT&T Inc said on Friday it expects to bypass a powerful telecommunications regulator in its planned $85.4 billion acquisition of Time Warner Inc.

Dallas-based AT&T said in a securities filing that it anticipates Time Warner will not need to transfer any of its FCC licenses to AT&T, which would likely mean the deal will only need the approval of the U.S. Justice Department. The deal faces hurdles including the fact that in October President-elect Donald Trump said he was opposed to the merger. (Reporting by David Shepardson; Editing by Chizu Nomiyama)

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