US regulators will decide on review of AT&T, Time Warner deal -White House
The White House on Monday said it will be up to independent federal regulators to decide whether to carry out a formal review of AT&T Inc's planned acquisition of Time Warner Inc.
"Any decision to review the deal would be made by regulatory officials at the Department of Justice and the Federal Trade Commission," White House spokesman Josh Earnest told reporters in a briefing.
"Certainly when you consider the size of the deal ... I don't think anybody would be surprised if they announced a review," Earnest said. "The president would hope and expect that regulators would carefully consider the potential impact of this deal on consumers."
