Justice Department to appeal Time Warner-AT&T merger
The Department of Justice said Thursday that it would move to appeal the approval of a massive merger between Time Warner and AT&T, CNBC reports. The $85.4 billion deal was approved by a federal judge in June, despite the DOJ's protest at the time that the merger would render the TV industry "less competitive and less innovative."
The DOJ's decision to appeal the approval was revealed in a court filing Thursday. In approving the deal last month, U.S. District Court Judge Richard Leon determined that the government had not sufficiently showed that the joining would reduce competition in the TV market, The New York Times explains, but acknowledged that an appeal would be "fair game."
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
