Saturday 4 February 2017

Why Trump’s Meetings With CEOs Seeking Mergers Trouble Observers - ProPublica

Why Trump’s Meetings With CEOs Seeking Mergers Trouble Observers - ProPublica: "The Department of Justice’s rulings “always reflect the prevailing administration’s policy views about certain things,’’ he said. But they “should be free of direct political intervention.” Thompson noted that he had no insight into what was said during Trump’s recent meetings with the CEOs.

During the campaign, Trump came out against AT&T’s proposed acquisition of Time Warner “because it’s too much concentration of power in the hands of too few.” Time Warner owns CNN, a frequent target of Trump’s ire.

Since the campaign, Trump has moderated his tone on the AT&T-Time Warner deal. He also appointed transition antitrust experts who are friendlier to corporate consolidation than the Obama administration. What wasn’t anticipated is the possibility that Trump might cut his own deals on mergers typically scrutinized by the Justice Department" 'via Blog this'

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