The Department of Justice isn’t done fighting the AT&T-Time Warner merger – TechCrunch
The U.S. Division of Justice has filed to attraction a federal decide’s choice to approve AT&T’s acquisition of Time Warner.
Again when he was campaigning for the presidency, Donald Trump stated his administration would block the deal, and certainly, the DOJ sued to cease the merger, arguing it will harm competitors.
Final month, nevertheless, U.S. District Courtroom Choose Richard J. Leon dominated that the deal may transfer ahead with out situations. He stated from the bench, “The courtroom has now spoken. … The defendants have received” — and the deal closed later that week.
Actually, we’re already beginning to see a few of the fallout, with AT&T’s reported plans for Time Warner-owned HBO resulting in a flurry of apprehensive headlines in simply the previous couple days.
The deal additionally appeared to set the stage for much more consolidation between telecom and media firms, main Comcast to problem Disney for possession of Fox’s movie and TV property. (TechCrunch was already a really small a part of this development, since we’re owned by Verizon.)
“The Courtroom’s choice may hardly have been extra thorough, fact-based, and well-reasoned,” stated AT&T Basic Counsel David McAtee in an announcement. “Whereas the dropping celebration in litigation all the time has the correct to attraction if it needs, we’re stunned that the DOJ has chosen to take action below these circumstances. We’re able to defend the Courtroom’s choice on the D.C. Circuit Courtroom of Appeals.”
Supply hyperlink – https://techcrunch.com/2018/07/12/doj-appeals-att-time-warner/