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DOJ Files Appeal to Block AT&T Time-Warner Merger

[2018-07-13 14:37:44]

The US Department of Justice isn’t hip on the idea of AT&T and Time-Warner merging, so it’s contesting the government’s approval of the deal. The DOJ filed an appeal to overturn the merger approval over concerns it will reduce competition in the pay television market. Experts, however, don’t think there’s much hope for the appeal. CNBC said, Craig Moffett of MoffettNathanson told CNBC’s “Fast Money” that given how decisive [Judge] Leon’s ruling was, there aren’t a lot of obvious arguments the government can make for its appeal. He said, however, that the Justice Department may try push back on the idea that AT&T wouldn’t take into consideration it is an integrated company when it is negotiating programming agreements. Of course, AT&T and Time-Warner say the merger won’t stifle competition. If the court moves ahead with the appeal and grants a stay that’ll put the whole deal on hold, so it’s a safe bet AT&T is going to fight this in a big way.

DOJ Files Appeal to Block AT&T Time-Warner Merger

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