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The business giant between AT & T and Time Warner can be arrested – The US Department of Justice has appealed the court's decision.
A month ago, the acquisition of Time Warner by AT & T received a green light from a Washington court. Now the court's decision is being challenged by the US Department of Justice (DOJ), reports Adweek.
The giant store was expanded when AT & T announced in October 2016 that it would buy Time Warner. The DOJ tried to stop the transaction as early as November of the same year, stating that the deal would give AT & T too much control and risk raising prices for consumers.
After the court approved the agreement a month ago, AT & T and Time Warner acted quickly to get through the case when the date before the case could be broken had been fixed on June 21st. Two days after the approval of the transaction, the transaction was completed. However, AT & T has been careful to keep WarnerMedia's assets in a separate device to await a possible call from the DOJ.
In a statement, AT & T's general counsel, David McAtee, said that he was going to defend the court's decision.
– The judgment of the Court could hardly have been more elementary, factual and motivated. Although the lost party still has the right to appeal if it wishes, we are surprised that the Department of Justice chose to do so in these circumstances. We are ready to defend the court's decision at D.C. Circuit Circuit Court, he says.
When the store got the go-ahead a month ago, it opened and accelerated the ongoing bidding on giant Sky TV, where Comcast and 21st Century Fox are in a battlefield. Similarly, similar large transactions are underway in Sweden with any Bonnie Broadcasting purchases by Telia and the purchase of Comhem by Tele2.
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