US Government Challenges AT & T's Takeover of Time Warner, One of the Largest Deals in the Media Market – Media and Advertising



[ad_1]

The US government is trying to block one of the biggest purchases in the media market, the acquisition of Time Warner by AT & T. The US Department of Justice has announced, according to The Guardian, that he would appeal against a recent decision of a federal judge to authorize this transaction. The decision, which was considered a coup to the administration headed by Donald Trump, the president who had opposed the case.

Last month, Judge Richard Leon rejected the government's objections to AT & T dollars' takeover of Time Warner. Time Warner – who also owns control of Central Europe Media Enterprises, the owner of the largest media group in Romania, Pro TV – owns numerous global brands run by CNN and HBO

  • President Donald Trump himself said against the transaction, saying that "this is not good for the country". But Judge Leon rejected the government's arguments against the acquisition, claiming that it was not based on relevant notions, warning the government not to appeal

The Ministry of Justice Justice did not heed this warning

AT & T said it was surprised by the government's decision and announced that it was ready to defend the court's decision. As the commentators quoted by The Guardian cited Trump's dislike of CNN as a possible reason for his opposition to the transaction, AT & T CEO Randall Stephenson answered a question about the role that CNN could have In these complications: "Honestly, I do not know, but no one is surprised if this question continues to be heard."

  • The Guardian recalls that the story of this acquisition was even more politicized after it was learned that AT & T paid to Trump's former lawyer, Michael Cohen, a consulting fee of $ 600,000, seeking the favor of the White House, qualified by the leader of AT & T as "a big mistake."

[ad_2]
Source link