Senate committee on antitrust to 'carefully examine' AT&T-Time Warner deal
WASHINGTON (Reuters) - An acquisition of Time Warner Inc (TWX.N) by AT&T Inc. (T.N) could raise significant antitrust issues that the U.S. Senate committee on antitrust would carefully examine, the chairman and ranking member of the committee said Sunday.
AT&T announced on Saturday a deal to buy Time Warner for $85.4 billion (69.81 billion pounds), the boldest move yet by a telecommunications company to acquire content to stream over its network to attract a growing number of online viewers.
(Reporting by Julia Edwards; Editing by Bill Trott)