WASHINGTON (Sputnik) — AT&T CEO Randall Stephenson and Time Warner CEO Robert Marcus will testify in front of the panel, according to the release.
27 October 2016, 03:41 GMT
"The hearing will be held on Dec. 7, at 10 a.m. in the Judiciary Committee hearing room," the release stated.
On Friday, AT&T announced plans to acquire Time Warner for $84.5 billion. The deal would include Timer Warner’s popular brands HBO and CNN, and force other distributors to negotiate with AT&T for programming licenses.
Senator Bernie Sanders said in a letter to Acting Assistant US Attorney General Renata Hesse on Wednesday that the proposed merger would concentrate too much power in one media company and should be blocked by regulators.
