U.S. senator urges DOJ to reject any White House push in merger probes

Published 07/07/2017, 05:17 PM
Updated 07/07/2017, 05:20 PM
© Reuters. Sen. Amy Klobuchar (D-MN) speaks during a meeting of the Senate Judiciary Committee to discuss the nomination of Judge Neil Gorsuch to the Supreme Court on Capitol Hill
T
-
TWX
-

By Diane Bartz

WASHINGTON (Reuters) - Senator Amy Klobuchar, the top Democrat on the Senate antitrust panel, sent a letter to the U.S. Justice Department on Friday urging that it reject any effort by the White House to inject politics into merger investigations.

The letter follows a New York Times report saying that White House advisors battling television news station CNN mulled using a government review of AT&T (NYSE:T) Inc's plans to merge with CNN parent Time Warner Inc (NYSE:TWX) as leverage.

"Any political interference in antitrust enforcement is unacceptable. Even more concerning, in this instance, is that it appears that some advisers to the president may believe that it is appropriate for the government to use its law enforcement authority to alter or censor the press," Klobuchar wrote in a letter to Attorney General Jeff Sessions.

Both the White House and Justice Department declined comment for this story.

Klobuchar, who has herself expressed concern about the $85.4 billion megadeal, noted those concerns but added that the Justice Department's antitrust review should focus on consumer welfare rather than politics.

Klobuchar also asked Sessions to report to the Senate Judiciary Committee and the antitrust subcommittee any White House staffer or presidential adviser who had contacted the Justice Department about the merger.

© Reuters. Sen. Amy Klobuchar (D-MN) speaks during a meeting of the Senate Judiciary Committee to discuss the nomination of Judge Neil Gorsuch to the Supreme Court on Capitol Hill

President Donald Trump has not commented publicly on the deal since the election but during his campaign he said it was an example of a "power structure" that was rigged against him and "too much concentration of power in the hands of too few."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.