Donald Trump's stance against AT&T Inc.'s takeover of Time Warner Inc. may herald a broader intervention in mega-mergers under the next U.S. administration.
Trump, who defeated Hillary Clinton in Tuesday's presidential election, has vowed to block the $85.4 billion transaction — the largest deal announced globally this year — calling it "poison" to democracy.
"As an example of the power structure I'm 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," Trump said in a speech in Gettysburg, Pa., on Oct. 22, the same day the deal was announced.
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