US Appeals Against AT&T-Time Warner Deal

The US Justice Department has appealed a judge's order allowing the AT&T mega-merger with media-entertainment giant Time Warner to proceed

The US Justice Department is set to appeal the $85 billion merger between AT&T and Time Warner, Bloomberg says, citing a court filing.

"The Court's decision could hardly have been more thorough, fact-based, and well-reasoned,"AT&T General Counsel David McAtee said". AT&T said it was surprised by the decision and would defend the merger in court again.

A new trial is likely to see the USA government renew.

The two companies closed the deal days later.

CNN has always been a target for Trump, calling the Time Warner-owned news network "fake news". The Justice Department had agreed not to seek an emergency court order preventing the deal from closing after AT&T promised to operate Time Warner's Turner Broadcasting as a separate business unit until 2019.

A notice of appeal was filed yesterday with a federal appeals court one month after Judge Richard Leon rejected the government's efforts to block the Dollars 85 billion deal following a weeks-long antitrust trial.

Leon also wrote that if the DOJ appealed and won, the Circuit Court would have no qualms about unwinding the merger.

"I think the Department of Justice believes this is a really important case that will influence the legal standard for analyzing vertical mergers in the 21st century", she said.

As a candidate for president, Donald Trump said he opposed the tie-up, saying it would lead to "too much concentration of power in the hands of too few".

AT&T and Time Warner have argued the tie-up is needed to achieve size and scale to compete against online platforms like Netflix and emerging tech firms getting into video.

AT&T had already moved to consolidate control over its properties.

Disney has bid $71 billion for the Fox assets, but Comcast had been expected to make an additional counter-offer.

The DoJ had claimed AT&T, which owns satellite TV platform DirecTV, could end up charging rival distributors more for Time Warner content, resulting in higher prices for consumers.

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