Justice Department Sues to Block AT&T-Time Warner Merger page context
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The DOJ sued to block AT&T's $85.4 billion Time Warner merger, warning of higher monthly TV bills and fewer choices for consumers. Learn what's at stake.
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The Justice Department sued to block AT&T’s $85.4 billion bid for Time Warner, warning the deal could mean higher monthly TV bills and fewer options for American consumers.
In an attempt to curb corporate power, the Justice Department sued to block AT&T’s $85.4 billion bid to buy Time Warner Cable.
According to the DOJ, this merger violates anti-trust law.
AT&T said it would fight this move in court.
Some are speculating that this move by the Trump administration is a direct result of President Trump’s personal feud with CNN.
When the deal was first proposed in October of 2016, critics called it “an unhealthy concentration of power between a distributer and a maker of content.”.
Whether or not this deal goes through remains to be seen.
The Justice Department sued to block AT&T's $85.4 billion bid to buy Time Warner because, according to the DOJ, the merger violates anti-trust law.
AT&T made an $85.4 billion bid to buy Time Warner Cable.
AT&T said it would fight the move in court.
When the deal was first proposed in October 2016, critics called it an unhealthy concentration of power between a distributor and a maker of content.
The DOJ's complaint stated the proposed merger would result in fewer innovative offerings and higher bills for American families.
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1 The DOJ Moves to Block the Deal.
2 Why Antitrust Regulators Object.
3 AT&T Vows to Fight in Court.
4 The Risk of Too Much Power Over Content.
5 What It Means for Consumers.
Frequently Asked Questions.
Why did the Justice Department sue to block the AT&T-Time Warner merger?.
How much was AT&T's bid for Time Warner?.
How did AT&T respond to the lawsuit?.
Why were critics worried about the merger?.
What did the merger mean for consumers' bills?.
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