Justice Department appeals ruling in attempt to block massive AT&T–Time Warner merger

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The Justice Department will enchantment a choose’s resolution that allowed the merger between AT&T and Time Warner. In courtroom data launched right this moment, the company stated it plans to take the decrease courtroom’s ruling to the DC Circuit Court docket of Appeals, in one other attempt to block the deal.

Final month’s resolution towards the Justice Department was a devastating rebuke of the Trump administration’s antitrust enforcement group, and it allowed for the creation of a brand new telecom behemoth. The choose’s ruling, furthermore, was an awfully one-sided resolution in favor of the merger, though the authorized considering behind that ruling was controversial.

It additionally offered a regulatory inexperienced mild for comparable mergers: the following day, seeing the ruling in favor of the businesses, Comcast introduced a play for 21st Century Fox.

The division beforehand stated it will permit the merger to transfer forward because it thought of whether or not to enchantment the ruling, and the deal formally closed shortly after.

The Justice Department didn’t present a remark past the courtroom submitting. AT&T didn’t instantly reply to a request for remark.

Growing…

https://www.theverge.com/2018/7/12/17566114/justice-department-appeal-att-time-warner

 

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