Wall Street analysts say AT&T will ‘prevail’ against DOJ over Time Warner

Wall Street analysts say AT&T will ‘prevail’ against DOJ over Time Warner

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/11/21/analysts-say-att-will-prevail-against-doj-over-time-warner.html

Analysts believe AT&T has a strong case in court against the Department of Justice over its deal to acquire Time Warner.

The Justice Department sued on Monday to block AT&T's merger with Time Warner, calling it an "illegal" combination that harms consumers and stifles innovation, DOJ officials said."After reviewing DOJ's lawsuit against AT&T-Time Warner and watching AT&T's press conference, we still see a settlement as possible and, failing that, we believe AT&T would prevail in court," Cowen's research team wrote in a note to clients Tuesday.