Receive Breaking News updates as they occur
By Julia Edwards and Diane Bartz WASHINGTON (Reuters) - AT&T Inc's proposed $85 billion takeover of Time Warner Inc generated skepticism among both Democrats and Republicans on Sunday, making it more likely that regulators will closely scrutinize the effort to create a new telecommunications and media giant. The biggest deal of the year, announced just over two weeks before the Nov. 8 U.S. election, is a gamble on a victory for Democratic presidential candidate Hillary Clinton and a continuation of the status quo on anti-trust and regulatory enforcement. The Republican candidate Donald Trump, who is trailing Clinton in the polls, has said he would block the takeover.
By Liana B. Baker NEW YORK (Reuters) - When Time Warner Inc's Jeff Bewkes welcomed AT&T Inc's Randall Stephenson for lunch at Time Warner Center in New York in late August, their meeting was supposed to be one of the catch-ups the two chief executives have had over the years. Stephenson and Bewkes discussed how Time Warner could reach more customers through AT&T's mobile network, and how that content could reinforce the loyalty of customers.