Justice Department appeals Time Warner-AT&T merger approval

[mahatmakanejeeves]

Source: CNN

Justice Department appeals Time Warner-AT&T merger approval

Christine Wang | @christiiineeee
Published 19 Mins Ago Updated Moments Ago

The Justice Department on Thursday filed notice that it is appealing a judge's approval of AT&T's purchase of Time Warner.
Judge Richard Leon, who presided over the lawsuit the DOJ had brought to block the deal, ruled last month that the government had failed to show that the deal violates antitrust law, and in his opinion ripped apart its case. AT&T has since closed the acquisition of Time Warner, including CNN.

This is a developing story. More to come...

Read more: https://money.cnn.com/2018/07/12/media/att-time-warner-justice-department-appeal/index.html

[hlthe2b]

1. How the hell could they ever prevail AFTER At&T has already CLOSED the acquisition????

Is this just to salve Trump's temper tantrum?

[elleng]

2. 'Closing' an acquisition not particularly relevant, imo;

the hard part would occur if/when actual actions are taken to implement a merger.


'The companies have moved forward with their $85.4 billion agreement, putting an AT&T executive in charge of the media conglomerate that produces HBO hit shows like “Game of Thrones” and the news network CNN.' NO BIG DEAL, imo.

https://www.nytimes.com/2018/07/12/business/justice-department-plans-appeal-of-att-time-warner-merger-approval.html?

[still_one]

3. A day late and a dollar short. WTF. This has got to be the height of incompentence. I am not even

sure they can do that after the deal was approved, which should not have been approved in the first place

[bucolic_frolic]

4. They forced the breakup of AT&T Ma Bell in 1984

Now it's been put back together in a different form. For sure the DOJ can do this, we don't need concentrated corporate power any more than we already have.

[C Moon]

5. Did AT&T piss off Team Putin?

[Guy Whitey Corngood]

6. Time Warner (CNN) did. nt

[Danascot]

7. Relevant - AT&T Raises Prices After Saying Merger Would Make Things Cheaper For Consumers

https://www.huffingtonpost.com/entry/att-directv-now-price-increase_us_5b3c0fb4e4b09e4a8b286bf7