• US DOJ Files Antitrust Suit Over AT&T/Time Warner

    27 days ago - By Android Headlines

    Major carrier AT&T's proposed tie-up with cable giant Time Warner has caught the attention of the United States Department of Justice, who has announced an antitrust lawsuit over the deal. The suit claims that the merger, as proposed, would harm consumers and stifle innovation. On these grounds, it has brought suit seeking to block the merger. For the time being, the merger has been blocked, and AT&T and Time Warner will need to submit an appeal for the merger to have a chance in its current form.
    As things stand, AT&T and Time Warner could appeal the decision or modify the merger proposal...
    Read more ...

     

  • U.S. files lawsuit to block AT&T's acquisition of Time Warner

    U.S. files lawsuit to block AT&T's acquisition of Time Warner

    27 days ago - By VentureBeat

    The U.S. Department of Justice sued AT&T Inc on Monday to block its $85.4 billion acquisition of Time Warner Inc, saying the deal could raise prices for rivals and pay-TV subscribers.
    The legal challenge came 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.
    The Justice Department said AT&T would use Time Warner's films and movies to force rival pay TV companies to pay “hundreds of millions of dollars more per year for Time Warner's...
    Read more ...

     

  • U.S. Justice Department Files Lawsuit to Block Merger Between AT&T and Time Warner

    U.S. Justice Department Files Lawsuit to Block Merger Between AT&T and Time Warner

    27 days ago - By Mac Rumors

    The United States Justice Department today filed a lawsuit to stop a planned merger between AT&T and Time Warner, reports Bloomberg. The DOJ believes such a merger would result in higher bills and fewer options for consumers. "This merger would greatly harm American consumers. It would mean higher monthly television bills and fewer of the new, emerging innovative options that consumers are beginning to enjoy," said Makan Delrahim, the head of the department's antitrust division. According to Bloomberg , this is the first time in several decades that the DOJ has sued to block a vertical...
    Read more ...

     

  • Trump administration files suit to block AT&T/Time Warner merger

    Trump administration files suit to block AT&T/Time Warner merger

    27 days ago - By Ars Technica

    Enlarge / AT&T will own a bunch of new media properties if it is allowed to buy Time Warner.
    The Trump administration's Department of Justice today filed a lawsuit to block AT&T's proposed acquisition of Time Warner Inc.
    AT&T has been the nation's largest pay-TV company since it acquired DirecTV in 2015. Acquiring Time Warner and its stable of popular TV programming would give the company too much control over programming and distribution, the DOJ said.
    Together, AT&T and Time Warner would attempt to impede competition from online video distributors and raise prices on rivals that want...
    Read more ...

     

  • AT&T hit with antitrust lawsuit over Time Warner deal

    AT&T hit with antitrust lawsuit over Time Warner deal

    27 days ago - By 9to5Mac

    A report from Bloomberg today shared that AT&T may face an antitrust suit from the U.S. Justice Department over its merger plan with Time Warner. Now, CNBC has reported that the DOJ has issued the suit today.
    more...
    Read more ...