The Division of Justice isn’t achieved preventing the AT&T-Time Warner merger – TechCrunch


The U.S. Division of Justice has filed to attraction a federal decide’s determination to approve AT&T’s acquisition of Time Warner.

Again when he was campaigning for the presidency, Donald Trump mentioned his administration would block the deal, and certainly ,the DOJ sued to cease the merger, arguing it might damage competitors.

Final month, nonetheless, United States District Courtroom Choose Richard J. Leon dominated that it may transfer ahead with out circumstances. He mentioned from the bench, “The court has now spoken. … The defendants have won” — and the deal closed later that week.

In actual fact, 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 nervous 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 belongings. (TechCrunch was already a really small a part of this development, since we’re owned by Verizon.)

“The Court’s decision could hardly have been more thorough, fact-based, and well-reasoned,” mentioned AT&T Common Counsel David McAtee in an announcement. “While the losing party in litigation always has the right to appeal if it wishes, we are surprised that the DOJ has chosen to do so under these circumstances. We are ready to defend the Court’s decision at the D.C. Circuit Court of Appeals.”



Supply hyperlink

Leave a Reply

%d bloggers like this:

Tecnomagzne is proud to present his new section!
Post how many classified ads as you want, it's FREE and you can take advantage of the most visited website in his category.

POST NOW - LOOK FOR AN ADS

Subscribe!