US facing off against AT&T to block merger with Time Warner

US facing off against AT&T to block merger with Time Warner

6 years ago
Anonymous $gIi3-PxxKB

https://finance.yahoo.com/news/us-facing-off-against-t-080126449.html

Opening arguments come Thursday in the landmark antitrust case in federal court in Washington. The Justice Department has sued to block the $85 billion deal, saying it would hurt competition and consumers would have to pay more to watch their favorite shows, whether on a TV screen, smartphone or tablet.

AT&T insists the merger is needed to compete in a rapidly shifting marketplace as more people use streaming services like Netflix, Amazon and others. It denies the government's assertion that the merger would limit choice and push up prices.