Wednesday, July 18, 2018
Home / Top Stories / DOJ to Appeal AT&T-Time Warner Decision

DOJ to Appeal AT&T-Time Warner Decision


ADVERTISEMENT

The U.S. Department of Justice (DOJ) is appealing a federal judge’s approval of AT&T’s Time Warner acquisition.

Last month, U.S. District Court Judge Richard Leon cleared the $85 billion merger, which the DOJ had sued to block. The DOJ had maintained that the deal would limit competition, leading to higher prices for consumers. The stock and cash transaction was announced in October 2016. Two days after the ruling, AT&T closed the deal, renaming Time Warner as WarnerMedia.

In response to the appeal, David McAtee, AT&T General Counsel, noted, “The Court’s decision could hardly have been more thorough, fact-based and well-reasoned. 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.”



About Mansha Daswani

Mansha Daswani is the editor and associate publisher of World Screen. She can be reached on mdaswani@worldscreen.com.

ALSO READ

NBCU & Matchbox Back New Production Venture from Tony Ayres

NBCUniversal International Studios and Matchbox Pictures are backing a new production company being launched by writer, director and producer Tony Ayres.