Justice Dept. Gives AT&T-Time Warner Judge a Way Out
The Justice Department, during closing arguments of its case against the AT&T-Time Warner merger, suddenly suggested the judge weigh "alternative" remedies should he choose not to block the deal. The Justice Department has fought against the merger from the start, saying AT&T would use Time Warner's content as a weapon against consumers, raising prices and limiting competition. Throughout the six-week trial, however, U.S. District Judge Richard Leon has seemed skeptical of the Justice Department's case. In a surprise twist, Justice Department attorney Craig Conrath took advantage of his closing arguments to suggest Leon take at least some protective measures. If Leon chooses to allow the deal to proceed, Conrath asked that the judge force AT&T to divest part of Time Warner in order to close the deal — specifically Turner Networks. Time Warner generates television and movie content and is separate from Time Warner Cable, which provides cable TV and internet service in New York. This deal is just for Time Warner the content company. Conrath also suggested that AT&T be forced to make "structural" alterations to minimize the deal's effect on customers. The Justice Department had already asked AT&T for divestures. It refused, saying such requirements weren't necessary. AT&T insists it needs to acquire Time Warner in order to compete with Verizon Communications. The judge said he will announce his decision at a hearing on June 12.
Aug 7, 2019
Samsung today announced the Galaxy Note10 and Note10+. The company's super-flagship Note series for 2019 comes in two sizes: The Note10 packs a screen similar to the Note9 into a smaller body, while the Note10+ sports a larger display in a body similar in size to the Note9.
Jun 12, 2018
AT&T today was given permission to buy Time Warmer with no conditions and no divestitures. The ruling was handed down by U.S.
Jul 19, 2018
The Justice Department has asked the D.C. Circuit Court of Appeals to prioritize its appeal against last month's decision regarding AT&T's acquisition of Time Warner.
Jun 14, 2018
AT&T today said it has completed its purchase of Time Warner, a deal originally valued at $85.4 billion when it was announced in October 2016. Earlier this week, a U.S.
Jul 26, 2019
The US Department of Justice has given its blessing to the proposed merger of T-Mobile and Sprint. Several conditions — including a comprehensive deal with Dish intended to create a small fourth national carrier — have satisfied the federal government's anti-trust concerns.