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US Sues To Block AT&T Purchase of Time Warner (reuters.com)

The U.S. Department of Justice is suing AT&T to block its $85.4 billion acquisition of Time Warner. "The legal challenge was expected after AT&T rejected a demand by the Justice Department earlier this month to divest its DirecTV unit or Time Warner's Turner Broadcasting -- which contains news network CNN -- in order to win antitrust approval," reports Reuters. From the report: AT&T's chief executive said then that he would defend the deal in court to win approval, and the company criticized the Justice Department's case on Monday. The lawsuit is "a radical and inexplicable departure from decades of antitrust precedent," said AT&T lawyer David McAtee, arguing that so-called vertical mergers, between companies that are not direct competitors, are routinely approved. "We see no legitimate reason for our merger to be treated differently," he said, adding that AT&T is confident a judge will reject the Justice Department's case.

5 of 64 comments (clear)

  1. If there's one thing Trump tries to regulate by Anonymous Coward · · Score: 0, Insightful

    it's news networks that expose his bullshit administration for the sellout sham they are. This has nothing to do with AT&T.

  2. Re:Trump will OK it. by Mashiki · · Score: 2, Insightful

    The FCC hasn't got the memo apparently, but this merger WILL happen.

    Doubtful. Read what Trump has written in the past and you'll see he's against mass-centralization of media. The fact that the DOJ is coming out against this should also tell you the way it's blowing, on top of that individual US states are starting antitrust investigations against the big name tech companies(google/facebook/twitter/etc). Their little song and dance on the hill didn't make republicans any happier with what they said, then the democrats who were also sitting on that hearing. Both were equally pissed off at the way they refused to clearly answer any questions on the basis of being neutral.

    --
    Om, nomnomnom...
  3. Re:Trump will OK it. by Anonymous Coward · · Score: 1, Insightful

    Trump's "opinion" on such things is about as mercurial and illiterate as his opinion on abortion, deficits, war, or anything else. If he sees profit in reversing himself entirely 5 times in a row, guess what he'll do.

  4. Re:Trump will OK it. by Anonymous Coward · · Score: 2, Insightful

    Actually, the GP is bang on the money.

    I mean, seriously, look at his opinion on abortion, where he has gone from not liking it but believing it should be legal (like most sensible humans), to offering an extreme parody of the Republican platform (women should be punished!) in order to get elected.

    And on war: I mean, seriously. He's against foreign conflicts -- America First, let's not get involved in other people's conflicts -- until bombing an airfield makes him look presidential. And in the few months since he got elected, the US has grown its foreign military presence by a third.

    Read something. And save everyone else some time.

  5. Re:Trump will OK it. by Anonymous Coward · · Score: 2, Insightful

    Read what Trump has written in the past ...

    Written? By Trump? When?

    He didn't even write Art of the Deal. Hell, nobody is sure he ever read it.