Justice Department appeals approval of AT&T-Time Warner merger

Justice Department appeals approval of AT&T-Time Warner merger

The government will now seek a reversal of that ruling in the U.S. Court of Appeals for the District of Columbia Circuit, the court which handles most of the leading antitrust cases. When that wrapped up in the beginning of May, the DOJ proposed solutions to ensure the merger wouldn't fall afoul of anti-competitive law: Either get rid of DirecTV or Turner (which contains TNT, TBS and CNN).

Judge Richard Leon ruled in AT&T's favor in June, saying in a blistering verdict that the Department of Justice did not sufficiently meet its burden of proving that the deal would allow AT&T to harm rival TV providers.

David McAtee, AT&T's general counsel, said the company would be defending the initial decision and admitted being surprised by the DoJ's decision to appeal.

The US government has chose to appeal against a landmark court ruling that cleared the way for telecoms giant AT&T to buy Time Warner.

AT&T shares fell one per cent after the bell.

Mueller indictments: Congressional candidate requested Guccifer stolen docs
Three other Trump campaign aides have pleaded guilty to lying to the Federal Bureau of Investigation . Trump, who is in the United Kingdom , has repeatedly dismissed the investigation a "witch hunt".

Critics of the deal have argued the court approval offers an effective green light to other major deals that could end up boosting prices and hurting consumers.

In addition, AT&T Communications will have no say in setting Turner's prices or other terms in contracts with companies that distribute its content. The company said the increase was meant to bring rates in line with the market. A spokesman for the Antitrust Division said that they had no comment.

The appeal could be seen as a warning sign for companies that have pursued their own mergers in the wake of Leon's decision, Kimmelman added. The deadline for closing the merger was June 21. In recent years, Verizon purchased AOL and then Yahoo in an effort to create an online advertising business.

The merger was swiftly consummated, just two days after Leon's June 12 ruling and nearly as soon as the Justice Department signaled it wouldn't seek to temporarily block the merger while it pondered an appeal.

The last time the Justice Department challenged a completed deal was in 2017, when the agency sued to undo a merger in the aviation fuel filtration industry.

Related Articles

  • France's road to the 2018 World Cup final

    France's road to the 2018 World Cup final

    Antoine Griezmann celebrates at the end of the semifinal match between France and Belgium at the 2018 soccer World Cup . He said: 'It's just an anti-football team. "You can't win a World Cup on just talent".
    Israel to launch its first spacecraft to the moon

    Israel to launch its first spacecraft to the moon

    With the help of a broad network of volunteers, SpaceIL has already made presentations to about 900,000 children nationwide. However, Google announced in March that the competition had expired, with the $20 million grand prize remaining unclaimed.
    Read the ‘very nice’ letter Kim Jong-un sent Trump last week

    Read the ‘very nice’ letter Kim Jong-un sent Trump last week

    Several days previously, Pyongyang had slated the USA for seeking unilateral and forced denuclearization from North Korea . President for the improvement of relations between the two countries", Kim wrote, according to the letter , dated July 6.
  • Jabari Parker Signs 2-Year $40 Million Deal With Bulls

    In Chicago, Parker will join a young nucleus that includes Wendell Carter Jr ., Kris Dunn , Lauri Markkanen and Zach LaVine . The Bulls had made two earlier moves, trading Jerian Grant and Julyan Stone in order to free up even more cap space.

    Call of Duty: Black Ops 4 multiplayer and Blackout beta dates announced

    The following weekend from August 10 through August 13, both Xbox One and PS4 players will then both be able to dive in. The standard multiplayer will arrive first on PS4 in August, with the other formats to follow a week later.
    'Iran, Russia need to bolster ties in face of United States  hegemony'

    'Iran, Russia need to bolster ties in face of United States hegemony'

    Israel has maintained ties with Assad's ally Russian Federation , but has opposed the presence of his other top partner Iran. Commenting on relations, he said that ties between the two countries have always been on the rise.
  • Irish envoy summoned for anti-settlement bill

    Irish envoy summoned for anti-settlement bill

    Many supporters of boycotts against Israel have been denied visas under the law or deported upon landing at Ben Gurion Airport. In January of this year, the Israeli settlement project was declared a war crime by the International Criminal Court.

    Relations with May 'strong' after bombshell interview

    Mr Trump described Brexit as "a very tough situation" and spoke of a "suggestion" he gave the prime minister for dealing with the EU.
    Trump plays golf in Scotland ahead of Putin summit

    Trump plays golf in Scotland ahead of Putin summit

    When asked at a news conference on Friday whether he would tell Putin to stay out of USA elections, Trump said "Yes". Jonathon Shafi, of the group Scotland Against Trump, said he wanted to show solidarity with Americans against Mr.
  • EU's Jean-Claude Juncker stumbled at NATO gala because of 'sciatica attack'

    EU's Jean-Claude Juncker stumbled at NATO gala because of 'sciatica attack'

    An incident where he referred to Hungarian president Viktor Orban as "the dictator" but kissing him is amongst erratic behaviour which has fuelled the rumours.
    Jaguar kills 4 alpacas, emu, fox at New Orleans zoo

    Jaguar kills 4 alpacas, emu, fox at New Orleans zoo

    We are taking this incident very seriously and working to investigate what happened to prevent a similar occurrence in the future. The jaguar's attack on other animals was likely territorial, rather than driven by a desire to hunt for food, officials said.
    Astros' Jose Altuve tops everyone with 4.84 million All-Star votes

    Astros' Jose Altuve tops everyone with 4.84 million All-Star votes

    Houston will send Jose Altuve, Alex Bregman, Gerrit Cole, George Springer and Justin Verlander to the nation's capital. Shaw broke through by having three of his former star pupils selected to a single MLB All-Star Game .