Andrew Hwang is a Legal Fellow at the Roosevelt Institute.

In October 2016, AT&T announced its plans to acquire Time Warner for $85.4 billion. This hefty price tag reflected what was at the time a 35 percent premium on Time Warner’s stock price or, alternatively, 13 times Time Warner’s estimated earnings for 2016. This figure topped not just 21st Century Fox’s failed 2014 bid but

While on the campaign trail, President-Elect Donald Trump spoke on several occasions about the importance of tackling corporate antitrust issues. Most notably, Trump targeted the acquisition of The Washington Post by Amazon CEO Jeff Bezos and the proposed AT&T-Time Warner merger. Regarding the Post acquisition, Trump stated that “[Bezos has] got a huge antitrust problem

AT&T’s proposed $85.4 billion purchase of Time Warner has been met with skepticism from Wall Street as well as open opposition from politicians and regulators. Commentary on the merger has flagged the significant anticompetitive concerns associated with the proposed vertical integration of a content creator (Time Warner) and content distributor (AT&T) across two highly concentrated