US moves to block AT&T's $85.4bn takeover of Time Warner

US moves to block AT&T's $85.4bn takeover of Time Warner
 

The US Department of Justice has filed a lawsuit to block telecoms giant AT&T's $85.4bn acquisition of Time Warner, the owner of CNN and HBO.
The decision is a surprise since US anti-trust authorities rarely object to deals involving companies that do not directly compete.
AT&T has said it will fight the decision.
US President Donald Trump objected to the deal during his campaign last year.
AT&T's general counsel David McAfee said: "Today's DOJ lawsuit is a radical and inexplicable departure from decades of antitrust precedent.
"Vertical mergers like this one are... read more

 
20 November 2017 in World News, Views: 52
Source: BBC
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