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AT&T Businesses Government The Almighty Buck The Courts United States

US Sues To Block AT&T Purchase of Time Warner ( 64

The U.S. Department of Justice is suing AT&T to block its $85.4 billion acquisition of Time Warner. "The legal challenge was expected after AT&T rejected a demand by the Justice Department earlier this month to divest its DirecTV unit or Time Warner's Turner Broadcasting -- which contains news network CNN -- in order to win antitrust approval," reports Reuters. From the report: AT&T's chief executive said then that he would defend the deal in court to win approval, and the company criticized the Justice Department's case on Monday. The lawsuit is "a radical and inexplicable departure from decades of antitrust precedent," said AT&T lawyer David McAtee, arguing that so-called vertical mergers, between companies that are not direct competitors, are routinely approved. "We see no legitimate reason for our merger to be treated differently," he said, adding that AT&T is confident a judge will reject the Justice Department's case.
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US Sues To Block AT&T Purchase of Time Warner

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  • by Anonymous Coward

    Vertical mergers have been approved for decades under both Republican and Democratic administrations.

    There may be reasons that the big getting bigger is not appealing to some, but this looks like payback for CNN reporting. And that is bad for the country.

    • by cfalcon ( 779563 ) on Monday November 20, 2017 @08:39PM (#55591573)

      > but this looks like payback for CNN reporting

      People are really going to get upset about the government enforcing anti-monopoly rules now, because it is Trump who is enforcing them?

      Gimme a break.

      • Re: (Score:3, Interesting)

        People are really going to get upset about the government enforcing anti-monopoly rules now, because it is Trump who is enforcing them?

        This is the most infuriating part about his administration. His ego gets put in every conversation or topic and that gets us a magnified topic a million fold within two seconds. His bigger than life showmanship basically ensures that rationale debate just never happens. Pair that with his hyper thin skin, where anyone who says anything is instantly brought center stage. This combo basically takes anything he sets his eyes on, big or small, and immediately explodes it to a level where people are instantl

  • AT&T and Time Warner *ARE* direct competitors....
    • by Ixokai ( 443555 )

      You do realize that Time Warner sold its cable business?

      'Time Warner' makes content. That's it. They don't compete with AT&T, which delivers content.

  • I am most often against mergers but this is in retaliation by the Trump Administration for perceived slights. Usually, I am dead against the orange cheeto dude with small hands, but on this one, I'll agree.
  • by stabiesoft ( 733417 ) on Monday November 20, 2017 @08:50PM (#55591623) Homepage

    Trump is right for the wrong reason. He just hates CNN, so a very bad reason to oppose the deal. The deal should be opposed because mega companies are not good. I could totally see him being ok with ATT merging with VZ though. Especially if he holds stock in both. What is good for trump is good for america and that is the lens he sees everything thru.

  • Free market in action?

"When anyone says `theoretically,' they really mean `not really.'" -- David Parnas