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Washington – The US government does not give up its opposition to the acquisition of the Time Warner media group by telecom giant AT & T. After the failure of an antitrust lawsuit, Department of Justice announced an appeal against the verdict.
The government of President Donald Trump had filed a lawsuit against the mega-deal of over $ 80 billion, claiming that there was too much market power and disadvantage for competitors and customers . [19659003] AT & T looks surprised
AT & T apparently has not expected the other side would appeal. "The court's decision could not have been more complete, fact-based and thoughtful," said AT & T Chief Justice David McAtee. Although the losing party always has the right to challenge a judgment, it is surprising, given the circumstances, that the Department of Justice wishes to take advantage of it. "We are ready to defend the court decision before the court of appeal," the statement said.
Trump's lawsuit against CNN's lawyers
failed to persuade justice attorney Leon Leon of their six-week trial to convince the arguments. Leon even waved the recovery in June without any conditions, after which the companies quickly finished. For President Trump, the decision was also a personal defeat – he stood on the war foot with the flagship of Time Warners CNN and had repeatedly spoken out against the merger with AT & T. of the election campaign, Trump had announced that he would prevent the deal.
Mergers "vertical" less disturbing
It is rare for companies to venture into antitrust litigation with the government as a powerful opponent to opponents. Especially since the last month was marked by the defeat of the Trump government. If the case were to be reopened and eventually decided in favor of the Department of Justice, this would also be of great importance to mergers and acquisitions in the United States. The lawsuit has also received a lot of attention because AT & T and Time Warner are not direct competitors in terms of their business model. These "vertical" mergers are traditionally less disturbing.
AT & T acquired Warner Bros. and pay TV channel HBO ("Game of.") With the purchase of Time Warner in addition to the Turner network, which includes CNN Thrones ") incorporated. Originally, the merger, which was decided in October 2016, should have been air dry by the end of 2017, but because of the antitrust lawsuit, it became a hangover. mobile phone based in Dallas, Texas, still has to tremble. (awp / mc / pg)
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