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.
The FCC hasn't got the memo apparently, but this merger WILL happen.
it's news networks that expose his bullshit administration for the sellout sham they are. This has nothing to do with AT&T.
Vertical mergers have been approved for decades under both Republican and Democratic administrations.
There may be reasons that the big getting bigger is not appealing to some, but this looks like payback for CNN reporting. And that is bad for the country.
AT&T and Time Warner *ARE* direct competitors....
If suing is the lawyer equivalent of asking the judge a question, as another /. user said, then ...
is this the judge asking a question to himself?
I don't understand why the judiciary branch has a need to sue? They are the ones deciding. So can't they just ... you know ... decide?
If this still isn't clear to you, after "Obama" has extended what "Bush" extended what "Clinton" extended, what ... ...then you know why it keeps being like that.
Trump just as much has to be the sock puppet to the (mostly military-)industrial fist or be destroyed or shot in the head or something.
I'll gladly bet money on that. Including the next president trumping even Trump.
I am most often against mergers but this is in retaliation by the Trump Administration for perceived slights. Usually, I am dead against the orange cheeto dude with small hands, but on this one, I'll agree.
is still Trump, but I'll take what I can get, especially after he's done packing the courts with lunatics.
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no this is a horizontal merger. They provide the same services over the same areas. Eliminating competition. It is also stupid as the cable TV subscriber base is sinking fast.
Trump is right for the wrong reason. He just hates CNN, so a very bad reason to oppose the deal. The deal should be opposed because mega companies are not good. I could totally see him being ok with ATT merging with VZ though. Especially if he holds stock in both. What is good for trump is good for america and that is the lens he sees everything thru.
Haha THEDONALD is fucking in the azzwhole a major biznazi. WooHoo ... dead Ameri-Mex patrol horrific case RIP , but it bitchslaps bleedingheart progressives. Now THEDONALD just needs to yank welfare from babymamaz ... let Maxine Waters parasites starve-2-death and his blojobbing immigrant dreemerz will be forgiven.
You figure he is a CNN fan?
This is pretty simple.
President Trump and his administration approve things that make him and his allies money, and try to punish and take money from people who stand against him.
CNN is annoying, so he tries to punish the owners of CNN by making it cost them a crapload of time and money to own CNN.
Contrariwise, he approves the end of media ownership limits because it will help conservative buyers.
Meanwhile, he writes a tax bill that will take away the state income tax deductions (increasing taxes on Democrats) and severely cut taxes on business owners (including on his real estate holdings in particular), but does not hurt the charitable foundation deduction (leaving his own loopholes in play).
Free market in action?
Requiem for the American Dream
Guaranteed if the Justice Dept issued me a demand and I failed to comply I would be removed from society.
... want favourable attention from a pro-corporate White House.
Wait..Liberals are for big business now? You complain and want the opposite of what his administration does. Trump and is administration are playing you phewls. I love it! MAKE AMERICA GREAT AGAIN. MAGA. Poor liberals
The DOJ is suing AT&T for a merger(don't get me wrong, they should), yet they just sit back and watch while net neutrality(which also affects govt entities) is being destroyed without a 2nd thought.