NEW YORK (TheStreet) -- AT&T (T) - Get Report agreed to buy Time Warner (TWX) for $85.4 billion over the weekend, in a process that was most likely sped up at the last minute after reports about the deal were leaked, FBR Capital Senior analyst Barton Crockett said on CNBC's "Squawk Box" on Monday morning.
The two companies most likely originally wanted to announce the deal after the presidential election takes place on November 8, when it could slide under the radar more easily.
"I think that it's clear that if they had waited until after the election, they'd have less political scrutiny. So it makes me wonder if they didn't have time," Crockett explained.
Later on in the show, AT&T CEO Randall Stephenson and Time Warner CEO Jeff Bewkes said that they never discussed whether to go through with the deal before or after the election, but that the leaks were not helpful.
"Obviously leaks are really bad for a deal like this. Once you get conviction and you agree on what the deal should look like, you move. You just better move. And that's what we did as soon as we got the construct of the deal in place and agreed on price, we said, 'Let's get this done,'" Stephenson said.
Since the deal was announced ahead of the elections, it might be harder to get passed, Crockett claimed.
"I'm actually a little bit more skeptical about the odds that this is easily approved. I think if they have to get FCC approval and that's a very lose standard that can be very politicized, it could be very difficult to get this deal through," he explained.
With the election just a few weeks away, we can expect to see this deal at the center of political talks, Crockett said.
"I think it's really telling that they're announcing this deal 17 days before the most populist presidential election in modern history. I think that that really puts this thing front and center on the politicians radar screens in the middle of this presidential debate," he said.
Shares of AT&T and Time Warner were lower in late morning trading on Monday.
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