The DOJ sues to block AT&T’s Time Warner deal
https://techcrunch.com/2017/11/20/the-doj-sues-to-block-atts-time-warner-deal/
On Monday, AT&T confirmed the U.S. Department of Justice’s decision to sue in order to block the company’s plans to purchase Time Warner for $85.4 billion. Earlier reports suggested that the DOJ would move against the deal if AT&T did not intend to sell CNN.
CNN has a famously fraught relationship with the Trump administration, which has gone out of its way to attack the news source throughout both campaign season and Trump’s first year in office. It’s not immediately clear why the Trump administration would oppose the AT&T deal, a vertical merger that would not eliminate a competitor and was not expected to generate antitrust controversy.
The DOJ sues to block AT&T’s Time Warner deal
Nov 20, 2017, 11:19pm UTC
https://techcrunch.com/2017/11/20/the-doj-sues-to-block-atts-time-warner-deal/
>On Monday, AT&T confirmed the U.S. Department of Justice’s decision to sue in order to block the company’s plans to purchase Time Warner for $85.4 billion. Earlier reports suggested that the DOJ would move against the deal if AT&T did not intend to sell CNN.
>CNN has a famously fraught relationship with the Trump administration, which has gone out of its way to attack the news source throughout both campaign season and Trump’s first year in office. It’s not immediately clear why the Trump administration would oppose the AT&T deal, a vertical merger that would not eliminate a competitor and was not expected to generate antitrust controversy.