Justice Department Pushes Courts for Action On AT&T Appeal
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. A single judge ruled in AT&T's favor after the Justice Department sued over the acquisition. AT&T completed the acquisition within days of the decision, but that didn't stop the Justice Department from filing an appeal. Though AT&T completed its purchase of Time Warner, it is holding off on finalizing its acquisition of Turner Networks, which owns CNN, HLN, TBS, TNT, and others, until February 2019. The Justice Department suggests that any delay in the court system will make it more difficult for the companies to disengage from one another should the appeal be successful. The Justice Department argues that the judge who presided over the case ignored "fundamental economic principles" when making his decision. It went on to suggest that AT&T will hold new power over rivals to negotiate contracts for Time Warner's content that will in the end lead to higher prices for consumers. AT&T said it was "surprised" by the Justice Department's plan to appeal.
May 1, 2018
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.
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.
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.
Nov 20, 2017
The U.S. Department of Justice has sued to stop the proposed merger between AT&T and Time Warner.
There needs to be more oversight.