The Justice Department is suing to block the AT&T - Time Warner merger, says report

The Justice Department is suing to block the AT&T - Time Warner merger, says report

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.theverge.com/2017/11/20/16655218/att-time-warner-merger-deal-blocked-us-justice-department-lawsuit

The Justice Department is poised to block the proposed merger between AT&T and Time Warner, according to a Bloomberg report. The Department of Justice has announced a public call concerning a “major antitrust matter,” but Bloomberg sources say the Department will be announcing a lawsuit against the proposed merger. Subsequent reports from Reuters and Politico confirmed the news.

First proposed in October, the $85 billion merger proposal has drawn criticism as a dangerous consolidation of the media industry, with The Verge’s own Walt Mossberg calling it “an unhealthy concentration of power between a distributor and a maker of content.” FCC chairman Ajit Pai publicly declined to review the merger earlier this year, leaving the Department of Justice as the only agency positioned to review the public impact of the proposed deal.