Senate committee on antitrust to 'carefully examine' AT&T-Time Warner deal | Reuters
WASHINGTON An acquisition of Time Warner Inc by AT&T Inc.
WASHINGTON An acquisition of Time Warner Inc by AT&T Inc. 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, 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)
This story has not been edited by Firstpost staff and is generated by auto-feed.
While India VIX fell by 6.79 percent to end at 16.16 levels, BSE Smallcap rose by 1.38 percent to end at 29,088.57 and BSE Midcap registered a rise of 1.68 percent to 25,799.72.
While Sensex rose by 533.74 points to end at 59,299.32, Nifty saw a rise of 159.20 points to end at 17,691.25.
Sectors like FMCG, PSU Bank, auto, and metal indices witnessed a hike of 1-3 percent while the IT index saw a decrease of nearly one percent