When Judge Richard Leon ruled in favor of AT&T’s merger with Time Warner last month, he explicitly warned the Department of Justice against seeking a stay of the ruling in order to delay the date the merger would take effect. The DoJ didn’t seek a stay, but it has decided to appeal the judge’s decision, …
The Department of Justice was handed a rare defeat in court when it tried to contest the AT&T Time Warner merger. The judge approved the deal without any conditions and scathingly told the government not to seek a stay of the deal pending appeal. It was a humiliating defeat for a DoJ antitrust division that …
Earlier this week, a judge decided the fate of the AT&T Time Warner deal, and the result was a big thumbs-up in the general direction of capitalism. The $85 billion deal has closed, Time Warner has officially been assimilated into AT&T (and renamed WarnerMedia), and there’s almost zero chance that anything will stop it now. …
Yesterday, the Department of Justice suffered its first antitrust loss in court since 2004, paving the way for AT&T to merge with Time Warner and opening the floodgates for similar mergers in the near future. Losing a high-profile case in court — and doing so in dramatic fashion — is obviously embarrassing for the Department …
It’s been years in the making, but the mammoth merger of AT&T and Time Warner Inc. is officially going to happen. Judge Richard Leon, a George W. Bush appointee, handed down his decision approving the $85 billion merger with no conditions on Tuesday afternoon, following months of oral arguments and deliberations. The Justice Department sued …
We’re weeks into the court proceedings between AT&T, which is trying to buy Time Warner Inc, and the Justice Department that is suing to block the deal. We’ve heard from economic experts about how prices will soar, and from AT&T’s own execs about how cable is the company’s “cash cow.” But on Thursday, we finally …
The US Department of Justice and AT&T are currently slugging it out in court over whether or not the cable giant should be allowed to acquire Time Warner, the media giant that owns HBO and CNN, among other channels. The government is arguing that AT&T would “weaponize” its content holdings to take subscribers from other …
The ongoing legal battle between AT&T and the Department of Justice over whether AT&T can acquire Time Warner is giving us a unique insight into the minds of cable companies. Most notably, what we’ve all long suspected — that cable companies are slow to embrace streaming because they don’t want to lose their cash cow …
The US Justice Department is currently suing to block the proposed acquisition of Time Warner by AT&T, and the court case is bringing all kinds of salacious details to light. On Thursday, a Justice Department attorney presented evidence to back up what everyone already suspected: That AT&T only wants to buy Time Warner to prop …
The Department of Justice has filed a suit to prevent the AT&T/Time Warner merger from going through, AT&T confirmed in a press release issued today. “Today’s DOJ lawsuit is a radical and inexplicable departure from decades of antitrust precedent,” said David McAtee, senior executive vice president and general counsel of AT&T, in a statement. “Vertical …
