7/12/2018, 11:31 PM (Source: TeleTrader)
more TeleTrader news

DoJ appeals AT&T-Time Warner deal ruling

United States Department of Justice (DoJ) is appealing a ruling made last month on the merger between AT&T Inc. and Time Warner. District Court Judge Richard Leon approved the deal, deciding it will not concentrate too much power and raise prices by limiting competition. The case will be heard by a three-judge panel of the D.C. Circuit Court of Appeals.

"The Court's decision could hardly have been more thorough, fact-based, and well-reasoned. While the losing party in litigation always has the right to appeal if it wishes, we are surprised that the DoJ has chosen to do so under these circumstances. We are ready to defend the Court's decision at the D.C. Circuit Court of Appeals," said AT&T General Counsel David McAtee.

Breaking the News / DJ