AT&T to Buy Time Warner for $80 Billion

AT&T and Time Warner have agreed to a purchase by the telecoms giant for more than $80 billion, according to reports. The deal would put media properties including CNN, HBO, and Warner Bros. under the second largest telecom in the U.S. Shortly after the news broke on Saturday, Donald Trump declared at a speech in Pennsylvania that he would block it. "As an example of the power structure I am fighting, AT&T is buying Time Warner and thus CNN — a deal we will not approve in my administration because it's too much concentration of power in the hands of too few," he said. The federal goverment would likely put the deal under heavy scrutiny.