AP
Donald Trump.
President-elect Donald Trump is still against the merger between AT&T and Time Warner, because he thinks it would consolidate power too much in the
Shares of Time Warner fell roughly 3% on the news, but recovered some ground and are now down 1.3%.
Trump hasn't spoken publicly about the merger since he railed against it on the campaign trail.
However, "Trump told a friend in the last few weeks that he still considers the merger to be a bad deal," Bloomberg reports, as does Steve Bannon, a close Trump advisor.
Developing...
Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!