The Right Choice For The Wrong Reasons? DOJ Sues To Kill The AT&T Time Warner Merger

The Right Choice For The Wrong Reasons? DOJ Sues To Kill The AT&T Time Warner Merger

6 years ago
Anonymous $ZOEEBQ1zf0

https://www.techdirt.com/articles/20171120/14262838654/right-choice-wrong-reasons-doj-sues-to-kill-att-time-warner-merger.shtml

If you've been paying attention, the Trump admninistration has been engaged in a frontal assault on everything from net neutrality to media consolidation rules, its legacy-industry-cozy policies driving a new wave of mergermania in telecom and media. As such, few thought the administration would block AT&T's $86 billion acquisition of Time Warner. After all, AT&T wasn't acquiring a direct competitor, and the harms caused by vertical integration -- however real -- haven't been a genuine concern in regulatory telecom oversight from either party for years (see Comcast NBC Universal or Sinclair Tribune).

But then rumors began to emerge that the Trump DOJ was contemplating suing to block AT&T's latest megamerger -- unless it was willing to sell either DirecTV (acquired by AT&T last year) or Turner Broadcasting, owner of CNN. Reports indicate that AT&T refused both options and was primed for a court showdown. This week the DOJ announced it would be giving AT&T what it wanted, and is taking AT&T to court to block the deal on antitrust grounds: