Trump Remains Opposed to AT&T-Time Warner Deal by Reuters @FortuneMagazine January 5, 2017, 2:05 PM EST E-mail Tweet Facebook Linkedin Share icons Donald Trump remains opposed to AT&T’s planned $85.4 billion acquisition of Time Warner, Bloomberg reported, citing people close to the president-elect. Trump, who has been silent about the transaction for months, told a friend in the last few weeks that he still considers the merger to be a bad deal, Bloomberg reported. He believed the deal would concentrate too much power in the media industry, Bloomberg said. Shares of AT&T were down 0.2%, while Time Warner’s stock was down 1.6%. Trump’s chief strategist, Steve Bannon, is also opposed to the deal, Bloomberg reported, citing another person. Trump during his campaign had said AT&T’s proposal to buy the owner of CNN and the Warner Bros movie studio was an example of a “power structure” that was rigged against him and voters. Trump’s transition team, AT&T and Time Warner did not immediately respond to requests for comment.