What does Trump victory mean for AT&T-Time Warner?

Candidate Donald Trump had publicly blasted AT&T’s proposed $85.4 billion acquisition of Time Warner, saying the blockbuster merger concentrated too much power in the hands of too few. The question now is will President Trump stick to that belief?

Time Warner stock was down 1.32% in early afternoon trading. AT&T shares on the other hand were up 0.74%. AT&T Chief Financial Officer John Stephens said Nov 9 that AT&T was “optimistic” that regulators would approve the deal. “From a company perspective, we really look forward to working with President-Elect Trump and his transition team. His policies, his discussions about infrastructure investment, economic development, and American innovation all fit right in with AT&Ts goals.”