The government just gave its explanation for appealing the $85 billion AT&T-Time Warner merger

The government just gave its explanation for appealing the $85 billion AT&T-Time Warner merger

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/06/why-the-government-is-appealing-atts-85-billion-acquisition-.html

The U.S. Department of Justice released its written argument explaining why it's appealing AT&T's $85 billion acquisition of Time Warner, a deal that was approved by U.S. District Court Judge Richard Leon in June.

The government argues Judge Leon ignored "mainstream economics" in his decision because he refused to see a deal as having "an appreciable danger" of raising prices on consumers in the future.

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