Trump meets with AT&T execs about Time Warner merger

AT&T chairman Randall Stephenson

AT&T (T.N) Chief Executive Officer Randall Stephenson had an hour-long meeting in NY on Thursday with U.S. President-elect Donald Trump, who has opposed the company's planned acquisition of Time Warner Inc (TWX.N).

Randall Stephenson, the chairman and chief executive of AT&T Inc.

Prior to winning the election, Trump publicly opposed the mega-merger with a tweet claiming it would concentrate too much power in the hands of too few and said his administration wouldn't approve it citing the deal as an example of the power structure he's fighting.

After spending about an hour in Trump Tower offices, Mr. Stephenson and Robert Quinn, the company's top executive in Washington, D.C., declined to comment after they left the building. Incoming White House press secretary, Sean Spicer, confirmed the meeting occurred but didn't disclose what was discussed, only saying that Trump's primary focus when meeting with CEOs is how companies will continue to create jobs.

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Trump hasn't spoken about the deal since the election, but his ongoing battle with CNN flared anew this week with the cable news network's reporting on allegations that Russian Federation gathered compromising information on Trump. In October, during a campaign rally, he said that he would block the deal because of concerns of the concentration of media.

The confab at Trump Tower covered a wide range of topics but "AT&T's proposed merger with Time Warner was not a topic of discussion".

Earlier this week, the president-elect took the feud a step further by refusing to answer questions from a CNN reporter and condemning the network as "Fake News".

The merger will be subject to approval by the Justice Department, but may avoid scrutiny from the Federal Communications Commission.

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