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Trump to nominate new antitrust division chief

U.S. President Donald Trump intends to nominate Makan Delrahim to serve as assistant attorney general, antitrust division, at the U.S. Department of Justice.

Delrahim, who is awaiting confirmation for the new role, currently serves as deputy assistant and deputy counsel to the president, according to a March 27 news release. Delrahim is a former deputy assistant attorney general for the antitrust division.

The former lawyer and antitrust expert told Canadian news network BNN in 2016 that AT&T Inc.'s deal to acquire Time Warner Inc. does not appear to be a "major antitrust problem" since it is a vertical merger and not a merger of two rivals.

AT&T recently won the approval of the European Commission for the proposed acquisition of Time Warner. In 2016, AT&T agreed to buy Time Warner in a cash-and-stock deal, which has a total equity value of $85.4 billion and a total transaction value of $108.7 billion, including Time Warner's net debt.