US appeals $80bn AT&T-Time Warner deal

US appeals $80bn AT&T-Time Warner deal
 

The US government has decided to appeal against a landmark court ruling that cleared the way for telecoms giant AT&T to buy Time Warner.
The ruling was a significant defeat for the US Justice Department, which had argued the deal would lead to less competition and higher consumer prices.
A federal judge rejected those claims last month, allowing the takeover to go through without conditions.
AT&T completed the $81bn (£60bn) deal shortly after.
The company did not immediately comment on the DoJ move.
The deal combined AT&T's mobile, broadband and satellite television businesses... read more

 
12 July 2018 in Business, Views: 63
Source: BBC
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