Justice Department appeals Time Warner-AT&T merger approval
Source: CNN
Justice Department appeals Time Warner-AT&T merger approval
Christine Wang | @christiiineeee
Published 19 Mins Ago Updated Moments Ago
The Justice Department on Thursday filed notice that it is appealing a judge's approval of AT&T's purchase of Time Warner.
Judge Richard Leon, who presided over the lawsuit the DOJ had brought to block the deal, ruled last month that the government had failed to show that the deal violates antitrust law, and in his opinion ripped apart its case. AT&T has since closed the acquisition of Time Warner, including CNN.
This is a developing story. More to come...
Read more: https://money.cnn.com/2018/07/12/media/att-time-warner-justice-department-appeal/index.html
hlthe2b
(102,359 posts)Is this just to salve Trump's temper tantrum?
elleng
(131,107 posts)the hard part would occur if/when actual actions are taken to implement a merger.
'The companies have moved forward with their $85.4 billion agreement, putting an AT&T executive in charge of the media conglomerate that produces HBO hit shows like Game of Thrones and the news network CNN.' NO BIG DEAL, imo.
https://www.nytimes.com/2018/07/12/business/justice-department-plans-appeal-of-att-time-warner-merger-approval.html?
still_one
(92,395 posts)sure they can do that after the deal was approved, which should not have been approved in the first place
bucolic_frolic
(43,286 posts)Now it's been put back together in a different form. For sure the DOJ can do this, we don't need concentrated corporate power any more than we already have.