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AT&T Time Warner merger could also be blocked by DOJ lawsuit

AT&T Time Warner merger could also be blocked by DOJ lawsuit


The Division of Justice is submitting a lawsuit to dam the merger between AT&T and Time Warner, sources have mentioned, marking an enormous flip of occasions for the deliberate — and controversial — deal. Particulars are nonetheless rolling in, however sources declare the Justice Division will formally announce an antitrust go well with at this time relating to the merger. For its half, the DOJ confirmed that it has a serious antitrust matter within the pipeline, however didn’t title corporations.


All indicators have pointed towards the deal being accepted, a lot to the dismay of many who argue in opposition to it on a large number of fronts. A lawsuit from the Justice Division would convey that plan to a screeching halt, although, and mark a uncommon occasion wherein the Division of Justice interferes with a so-called vertical deal.
AT&T hasn’t commented on the rumor, telling Bloomberg that it hasn’t acquired a grievance from the DOJ. It’s anticipated the corporate will put up a robust combat within the face of such a go well with, although, ought to it’s taken to court docket. Bloomberg goes on to report that AT&T will ask the court docket for entry to any communication between the DOJ and White Home if the matter goes to trial.
The Division of Justice is ready to announce its huge antitrust matter at 5PM at this time, at which level we’ll know for positive whether or not it includes this merger or one thing else. Time Warner hasn’t commented on the report at this level, although little doubt we’ll hear statements from the corporate if the Justice Division strikes to dam the deal.
SOURCE: Bloomberg



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