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Shares of the network owner have continued to rise, propelled by rising acceptance by management that a merger with its former parent is inevitable and can work.
5 U.S. stock benchmarks are at all all time highs and the stock rally has reached every corner of the market.
AT&T and Time Warner kicked off a hearing to defend their $84.5 billion merger. AT&T is no stranger to legal battles and anti-trust battles.
The main concern in vertical deals like the tie-up with Time Warner is foreclosure, Sen. Mike Lee said, which is denying competing companies access to suppliers and customers.