Tue, Feb 28, 2017 | updated 07:10 AM IST

Deals like AT&T and Time Warner destroy democracy: Trump

Updated: Oct 23, 2016 13:54 IST
London [U.K.], Oct. 23(ANI): Telecom giant AT&T has agreed to pay USD 85 billion to buy media powerhouse Time Warner and create one of the world's largest media, TV and telecom firms.

The boards of the two companies unanimously approved the deal on Saturday, reports the Guardian.

AT&T will pay USD 107.50 per Time Warner share in a combination of cash and stock worth USD 85.4 billion overall.

The deal, which combines America's second-largest wireless telecom company with the owner of HBO, CNN, Cartoon Network and the Warner Brothers movies, is likely to face tough regulatory scrutiny over fears that it could lead to less consumers' choice and higher prices.

If approved, the deal would be the biggest in the world this year.

Reacting to the deal, Republican presidential nominee Donald Trump said that he would block the deal, adding AT&T's purchase of Time Warner would give the combined group "too much concentration of power" and would "destroy democracy".

Trump said that he would also consider "breaking" up the last big media deal, Comcast's acquisition of NBC Universal in 2013. "Deals like this destroy democracy," he said.

The telecom companies are increasingly seeking to buy into cable TV providers and content producers in order to offer more extensive packages to the consumers.

AT&T spent USD 48 billion buying the satellite TV provider DirecTV last year, making it the country's largest pay-TV provider with 25 million customers.

The company has also spent hundreds of millions on improving its infrastructure to give the consumers a better experience watching video content on their mobile phones.

Buying Time Warner would give AT&T, which has a market value of USD 226 billion, access to the Harry Potter and Batman film franchises as well as hit TV shows such as The Big Bang Theory and Game of Thrones.

The rival telecoms company Verizon is in negotiations to buy Yahoo and has already bought AOL, owner of the Huffington Post. (ANI)

Hong Kong [China], Feb.28 (ANI): China has confirmed that it is helping Afghanistan conduct joint law enforcement operations in the border areas of that country to counter terrorism, after initially being in a state of denial about the sightings of Chinese military vehicles moving around inside Afghanistan.

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Washington D.C. [United States], Feb. 28 (ANI): Senior Chinese official met U.S. President Donald Trump on Monday to enhance bilateral high-level exchanges and cooperation in all fields.

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New Delhi [India], Feb. 28 (ANI): U.S. President Donald Trump has claimed that more American adults support Republicans in Congress than Democrats since he became the President of the country.

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Astana [Kazakhstan], Feb. 28 (ANI): Russian President Vladimir Putin has affirmed his willingness to cooperate with Tajikistan in strengthening security and stability.

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New Delhi [India], Feb. 28 (ANI): Former U.S. Secretary of State Hillary Clinton has urged President Donald Trump to speak out against hate crimes following a rise of the same across the country.

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Washington D.C. [United States], Feb. 28 (ANI): U.S. President Donald Trump has said that nobody knew health care could be so complicated, adding that his administration has come up with a solution which is very good.

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New York [U.S.], Feb. 27 (ANI): The White House announced Monday that President Donald Trump's first budget proposal will look to increase defence and security spending by $54 billion and cut roughly the same amount from non-defence programs.

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Militants behead German hostage in Philippines

Updated: Feb 27, 2017 22:01 IST

New York [U.S.], Feb. 27 (ANI): Abu Sayyaf militants in southern Philippines beheaded a German hostage after the deadline passed to pay his ransom passed.

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London [UK], Feb. 27 (ANI): The indigenous communities in Pakistan's Sindh province have come down on the government over the massive coal mining in the region which has severely affected their daily lives.

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Kabul [Afghanistan], Feb.27 (ANI): The killing of five UAE diplomats in a terror attack in Kandahar was planned in Pakistan, a spokesman of Afghanistan's interior ministry has said.

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Senior Taliban commander killed in Afghanistan

Updated: Feb 27, 2017 18:11 IST

Islamabad [Pakistan], Feb.27 (ANI): The Taliban confirmed on Monday through a statement that one of its senior commanders had been killed in an air strike in Afghanistan's northern Kunduz province.

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Karachi (Sindh) [Pakistan): Sufism is the country's first line of defence against terrorism, said PPP Chairmain Bilawal Bhutto Zardari on Monday.

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Karachi [Pakistan], Feb.27 (ANI): Police in Karachi were Monday directed by an anti-terrorism court (ATC) to put the names of Muttahida Quami Movement (MQM) leaders Farooq Sattar, Khalid Maqbool and Amir Liaquat on the Exit Control List (ECL).

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Lahore [Pakistan], Feb.27 (ANI): Pakistan International Airlines (PIA) has issued show-cause notices to a pilot and two others officials for loading seven extra passengers on a Karachi-Medina flight last month in a violation of air safety regulations.

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Rawalpindi [Pakistan], Feb.27 (ANI): Pakistan security forces have covered the further arrest of 91 suspects from across the country under the Operation Radd-ul-Fasaad counter-terrorism operations.

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Karachi (Sindh) [Pakistan], Feb.27 (ANI): The Governor of Pakistan's Sindh province, Muhammad Zubair, has said that both Pakistan and China will stand to benefit from the China-Pakistan Economic Corridor (CPEC) in both the short and long term.

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New Delhi, Feb. 27 (ANI): At least seven people were killed in an attack on a prison bus in Colombo, according to local media reports.

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London [UK], Feb. 27(ANI): The Baloch Cultural Association (BCA) held a conference at Birkbeck University in London.

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Berlin [Germany], Feb.27 (ANI): The Embassy of India, Berlin organized second Diaspora event over the weekend at the embassy in which several Indian associations and prominent members of Diaspora, besides representatives of 16 student associations participated.

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Kathmandu [India], Feb. 27(ANI): The National Seismological Centre (NSC) of Nepal recorded two aftershocks post the Gorkha region earthquake on Monday.

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