SAN FRANCISCO (Diya TV) — Contrary to the public opinion that the proposed $85 billion AT&T and Time Warner deal would serve as poor for consumer choice, billionaire tech mogul Mark Cuban said the merger would lead to “more competition.”
Cuban, who became a billionaire through a separate media acquisition, thinks the combination would help challenge the tech giants like Facebook, Google and Amazon who are “dominating digital content.” Right now, “AT&T and Time Warner lag way behind.”
Time Warner, which owns properties such as HBO and CNN, could benefit from the additional resources the merger would bring in terms of web development. “Traditional content needs help transitioning to compete with app-driven content,” he argued.
However, an array of opponents share a separate opinion. Both sides of the aisle, such as Bernie Sanders and Donald Trump, have questioned the legitimacy of the deal. The Clinton campaign voiced skepticism, but took more of a wait-and-see approach. The antitrust review would not be finalized until 2017.
The administration should kill the Time Warner/AT&T merger. This deal would mean higher prices and fewer choices for the American people. https://t.co/S8c4ldDqhi
— Bernie Sanders (@SenSanders) October 23, 2016