AT&T may need to jettison CNN to close Time Warner deal

AT&T may need to jettison CNN to close Time Warner deal

6 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnet.com/news/at-t-may-need-to-jettison-cnn-to-close-time-warner-deal/

AT&T's $85.4 billion acquisition of Time Warner has hit a snag. 

To close the deal, the US Justice Department is demanding that the Dallas-based telecommunications giant sell Turner Broadcasting, which includes CNN, according to the Financial Times (account required), which cited unnamed sources. The New York Times reported that AT&T could also win approval if it sold its DirecTV unit, which it just acquired in 2015. 

AT&T may need to jettison CNN to close Time Warner deal

Nov 8, 2017, 8:24pm UTC
https://www.cnet.com/news/at-t-may-need-to-jettison-cnn-to-close-time-warner-deal/ >AT&T's $85.4 billion acquisition of Time Warner has hit a snag.  >To close the deal, the US Justice Department is demanding that the Dallas-based telecommunications giant sell Turner Broadcasting, which includes CNN, according to the Financial Times (account required), which cited unnamed sources. The New York Times reported that AT&T could also win approval if it sold its DirecTV unit, which it just acquired in 2015.