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July 13, 2018 12:02:12
The Trump administration says it will appeal a court decision authorizing the merger of the Time Warner media network and the telecommunications company AT & T
This merger is the One of the most important ever made in June. 14, as a result of a long trial of six weeks.
If the US Department of Justice wins the appeal, the $ 85.4 billion deal ($ 115.2 billion) will have to be settled. the government's appeal, filed in the Washington District Court, did not disclose why he intended to challenge the judge's approval District Council Richard Leon.
Judge Richard Leon urged his decision, saying that it would be "manifestly unfair" to do so and no chances of succeeding.
In his ruling, the judge stated that the government had not demonstrated a competitive disadvantage.
The issue is whether AT & T can control the lucrative badets of Time Warner CNN, HBO, the Warner Bros. movie studio, sports programming in demand, Game of Thrones and other broadcasts Popular TV Shows
Trump is not a fan of fusion
When the case was announced in October 2016, she was sentenced by the then Donald Trump candidate, who promised to kill him "because too much concentration of power in the hands of too few".
million. Trump has publicly competed with CNN's Time Warner, calling it "failing" and purveyor of "false news".
AT & T CEO Randall Stephenson told reporters Thursday (local time) that the company was not surprised by the DoJ's decision to appeal
"They have the right to appeal, everyone has the right to appeal," he said.
"We have a thoughtful order based on facts."
Some legal experts say it would be difficult for the government to convince a court of appeal to overturn Justice Leon's decision Legal doctrine that favors vertical mergers – which is a combination between companies that are not in direct competition.
It was the first time in decades that the government challenged this doctrine by bringing an action to block a vertical merger Threat of Netflix, Google and Amazon
AT & T is a telephone, cable and satellite company, and the largest pay-TV provider in the United States – about 25 million of 90 million paying American households.
the merger merges a company that produces news and entertainment (Time Warner) with a company that channels this programming to consumers (AT & T).
] AT & T argued, during the trial, that it had to grow to survive the era of Google, Amazon and Netflix.
He has committed to certain conditions in which he will operate Time Warner's Turner Broadcasting, which includes CNN
For example, he will manage Turner's networks as part of a distinct, separate business unit AT & T Communications
In addition, AT & T Communications will not have any say in setting prices or other terms of Turner in contracts with companies that distribute the content
. refused to comment
ABC / Reuters / AP
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telecommunications
business-economics-and-finance
News from the company,
media,
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United States
Published
July 13, 2018 11:49:01
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