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US Senate to Examine Proposed $85B AT&T-Time Warner Merger

The U.S. Senate plans to hold hearings next month on telecommunications giant AT&T's plans to buy Time Warner for $85.4 billion in cash and stock. Republican Mike Lee and Democrat Amy Klobuchar of the antitrust subcommittee say the merger of the two communication behemoths would potentially raise significant antitrust issues. Both senators say they "have carefully examined consolidation in the cable and video content industries to ensure that it does not harm...

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