AT&T to test regulators' resolve with $85.4bn Time Warner acquisition
By Nick Wood, Total Telecom,
U.S. telco will have a hard time proving to the FCC and the Justice Department that the deal will truly benefit consumers.
AT&T on Saturday agreed an $85.4 billion (€78.4 billion) acquisition of Time Warner, a deal that promises to turn the U.S. telco into a content powerhouse, provided it passes muster with the regulators. Time Warner owns premium content network HBO, film and TV studio Warner Bros. Entertainment, and media conglomerate Turner, which owns the rights to broadcast NBA basketball. "Premium content always wins. It has been true on the big screen, the TV screen and now it's proving true on the mobile screen. We'll have the world's best premium content with the networks to deliver it to every screen…