AT&T, Time Warner Deal Approval to Be Appealed by DOJ

AT&T, Time Warner Deal Approval to Be Appealed byU.
Department of Justice A federal judge approved AT&T Inc’s $85.
4 billion acquisition of Time Warner in June.
The Justice Department expressed its disappointment with the ruling, arguing the deal would make the pay-TV market ‘less competitive.
‘ The merger closed on June 14.
AT&T General Counsel David McAtee said the company was surprised by the appeal.
The government’s court filing did not disclose on what grounds it intends to challenge the approval.
AT&T has maintained that buying Time Warner would help the company compete against tech companies like Amazon and Netflix.
The No.
2 wireless carrier in the U.
, AT&T says the deal would help attract customers by bundling entertainment with mobile service. Watch video for more details.