U.S. files suit to block US$85b AT&T-Time Warner merger

AT&T has reached an agreement in principle to buy Time Warner for $85bn- report

The Justice Department intends to sue AT&T to stop its $85 billion purchase of Time Warner, according to a person familiar with the matter who was not authorized to discuss the matter ahead of the suit's official filing.

"The combination of AT&T [and] DirectTV's vast distribution infrastructure, and Time Warner's extremely popular television programming would be one of the largest mergers in American history", the official added. More recently, deal progress was delayed as the DOJ antitrust head, Makan Delrahim worked with AT&T on competitive remedies.

Monday's announcement comes two weeks after a controversy erupted publicly over whether AT&T would have to sell off CNN to sidestep government concerns about the company's plan to buy Time Warner.

SADC intervenes as Zimbabwe crisis rages on
Reuters, the British news agency, reported that on November 13, Gen. I do not support what (army general Constantine) Chiwenga is doing.

"Today's DOJ lawsuit is a radical and inexplicable departure from decades of antitrust precedent", he said. In 2011, for example, the office affirmed a comparative arrangement - Comcast's obtaining of NBCUniversal - in the wake of forcing various conditions on the exchange. AT&T Chief Executive Officer Randall Stephenson countered those reports the next day, saying he'd never been under pressure from the DOJ to sell CNN. AT&T owns nationwide satellite provider DirecTV; Time Warner's channels also include TBS, TNT, Cartoon Network and HBO.

"We see no legitimate reason for our merger to be treated differently", the statement said.

By testing the arrangement, the Justice Department is adopting a starkly unique strategy to antitrust issues than the Obama organization did. "We are sure that the court will dismiss the administration's cases and allow this merger under longstanding lawful point of reference".

Related News:

  • Trump Tagged again DPRK as Terrorist Country

    Trump Tagged again DPRK as Terrorist Country

    Neither Trump nor the State Department specified Monday which acts of terrorism and assassination the North had supported. Trump made the announcement one week after returning from a trip to South Korea , China, Vietnam and the Philippines.
    Liberal's Fail Second Attempt To End Ontario College Strike

    Liberal's Fail Second Attempt To End Ontario College Strike

    The union called on the colleges to return to the bargaining table Thursday afternoon. Lawrence College campus in Brockville.
    World's biggest sovereign wealth fund proposes ditching oil and gas holdings

    World's biggest sovereign wealth fund proposes ditching oil and gas holdings

    But the potential move by Norway's sovereign wealth fund is one of the most significant pledges yet, for a few reasons. The fund's exposure to fossil fuel markets is now double that of a standard global fund, the Central Bank said.
  • Israel has secret ties with 'many' Arab states, says Cabinet minister

    Israel has secret ties with 'many' Arab states, says Cabinet minister

    Bahrain's foreign minister, Sheikh Khalid Bin Ahmed Al Khalifa, urged strong action by the Arab League against Iran. Top American officials, including US President Donald Trump, have also repeated Saudi accusations against Iran.
    Google Maps gets makeover with new colors and icons

    Google Maps gets makeover with new colors and icons

    With this new design, Google Maps will be even further ahead of Apple in terms of data, features and usability. Locations such as cafes, churches, museums, and hospitals will have their own individual color and icon.
    Sergio Aguero confirms fitness for Leicester City clash

    Sergio Aguero confirms fitness for Leicester City clash

    At half-time, however, he fainted in the Albiceleste dressing room and had to be taken for hospital for routine tests . The Super Eagles then added three goals in the second-half through Arsenal's Alex Iwobi (2) and Brian Idowu.
  • Hope for missing submarine as possible signal detected

    Hope for missing submarine as possible signal detected

    According to local media, the captain of the ARA San Juan contacted the naval base again after reporting the mechanical problem. More than a dozen boats and aircraft from Argentina, the United States, Britain, Chile and Brazil had joined the effort.
    James Franco To Join The Superhero-verse With 'Multiple Man' Movie

    James Franco To Join The Superhero-verse With 'Multiple Man' Movie

    If Franco signs on to the movie , it will serve as a reunion for him and Kinberg, who he is also working with on The Hardy Men . Basically, mixing Franco, Kinberg and Heinberg into one movie is the best sandwich you could ever ask for.
    Russian Federation  vetoes USA  resolution on Syria chemical weapons use

    Russian Federation vetoes USA resolution on Syria chemical weapons use

    Ambassador to the United Nations Nikki Haley warned after the council vote on Thursday: "We will do it again if we must". She said, Russian Federation has killed the investigative mechanism which has overwhelming support of this council.
  • AC/DC founder Malcolm Young dead at 64

    AC/DC founder Malcolm Young dead at 64

    More from the post: "With enormous dedication and commitment he was the driving force behind the band". Malcolm Young , guitarist and co-founder of AC/DC , died Saturday at the age of 64.
    Hansraj Ahir: No one can stop India from wresting back PoK

    Hansraj Ahir: No one can stop India from wresting back PoK

    He said India would make efforts to get the territory back from Pakistan, PTI reported. "That is Pakistan and this is India". So take it (AJK), we are also saying please take it (from Pakistan ).
    Holiday cheer starts early at Whole Foods

    Holiday cheer starts early at Whole Foods

    In that case, customers are advised to look for the turkeys marked with an orange stripe that says "Special Savings". The firm started tracking prices on 110 items at a New Jersey Whole Foods the day the price cuts began, August 28.


Most liked

Giants WR Roger Lewis Actually Caught This Pass While Being Interfered With
Just to come through for my teammates and for them to put me in a position to win was pretty special". "There is parity. Smith, who has run a similar play before, was asked if he thought the Giants knew the shovel pass was coming.

'SNL' features host Chance the Rapper, Questlove cameo
Later in the night Chance broke out into song again for a sketch that turned out to be one of the breakout moments of the night. Chance the Rapper played a member of a trio of singers pleading with President Obama to return on 'Saturday Night Live '.

Gujarat polls: Congress, PAAS reach agreement, Hardik Patel to make announcement tomorrow
On reports that he was not happy with the party top brass over distribution of tickets, Solanki said it is not true. The two phase elections in Gujarat will take place on December 9 and 14.

21-year-old medical student crowned Miss World 2017
Manushi wants to become a Cardiac Surgeon from the Bhagat Phool Singh Government Medical College for Women in Sonipat. Manushi was given the crown by Miss World 2016 victor Puerto Rico's Stephanie Del Valle.

Female hamburglar's freakish McDonald's break-in caught on camera
Jessica Marie Cross, 27, of Springdale, was taken into custody Thursday morning and is being charged with burglary and theft. Police did not say if anyone else was involved, and it's not clear that the restaurant was open at the time of the incident.

Judge Writes Unsolicited Post About '50 Very Attractive Females' He's Slept With
He said he revealed details about himself because he suspects, as a governor candidate, he'll soon also be a media target. Connie Pillich, a fellow Democrat, condemned O'Neill Friday for "joking and trivializing sexual assault".

Here's why Katy Perry is 'banned indefinitely' from China
Angel Adriana Lima's visa has been reportedly delayed and four other models were reportedly denied visas to travel to China. This year's Victoria's Secret Fashion Show will air on CBS on November 28 at 10 pm ET/PT.

York Salvation Army kicks off Red Kettle Campaign
Several hundred people watched the program which included The Salvation Army's Angel Tree Drive. Many churches, school groups and nonpublic workplaces have agreed to help with the wishes.

Kim Kardashian to James Corden: 'Who's your least favorite Kardashian?'
To avoid the same fate, Corden actually answered her query about his "least-favorite" member of her family. I have the best relationship with my surrogate.

Twitter Revamps Verification, Unverifies Prominent White Nationalists
For example, the Twitter account belonging to Harvey Weinstein is still verified, as is the account of Kevin Spacey. The Twitter verification has been a source of criticism and confusion.

15th Dubai Airshow reaches order book of 113.8 billion USA dollars
The deal includes a new order for two freighters as well as two freighters the airline announced as a commitment in June. It agreed to buy 150 Boeing 777X planes and 50 A380s, which were worth a total of $99 billion at list prices.

Justice League's Rotten Tomatoes Score Has Been Unveiled at Last
Their argument is probably overstated, but it suits Rotten Tomatoes to act as though they have a solid point. For many DC movie fans, Rotten Tomatoes scores have been a particular source of fascination and criticism.

Russian lawmakers approve bill targeting worldwide media
It specifies that the final decision in classifying mass media outlets as foreign agents should be made by the Justice Ministry. The RT television channel has formally declared itself as a Russian government agent in the United States.

NFL Week 11 Preview: Jaguars at Browns
Hackett said Bortles' ability to avoid and respond to pressure has been key to the Jaguars' offense throughout the season. That is a challenge for our offensive staff and our offensive football team.

Media Highlights Trump's 'Awkward' Water Bottle Moment
CNN's analysis called it a "dry-mouthed victory lap", while NBC News' headline was, "Trump has awkward water bottle moment on TV". It was a move he once mocked Marco Rubio for, and the Florida senator wasted little time in teasing Trump on Twitter .