AT&T has announced it is buying Time Warner for $85.4 billion. The deal mirrors Comcast's 2011 acquisition of NBC Universal to form a media giant. Regulators will need to approve the deal, which could raise concerns over media consolidation. Columbia University Law Professor Eric Talley says the two companies will defend the deal as a way of boosting each side's reach...
Eric Talley: content and delivery
Talley adds the deal brings together two companies that were already converging.