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The dispute over the acquisition of CNN-mother Time Warner by the AT & T telecommunications group is entering a new phase. The US Department of Justice announced Thursday that it was appealing a decision approving the $ 85 billion acquisition
If AT & T was really allowed to buy Time Warner – is open again. The United States Department of Justice issues an appropriate court decision. (Image: KEYSTONE / AP / RICHARD DREW)
(nda / reu / dpa)
The Department sued AT & T for antitrust reasons; However, he was defeated in the process. However, according to the Authority, the merger would harm consumers. Even US President Donald Trump was against buying because he feared, because of the deal, too much market power and disadvantages for competitors and customers.
AT & T was surprised on Thursday by the recent decision. The verdict was cautious, factual and well founded, said lawyer David McAtee. A spokesman for the ministry did not comment.
AT & T's share lost more than one percent after trading hours. The group had already completed the purchase of Time Warner in June
. During a six-week trial, Department of Justice lawyers failed to convince competent judge Richard Leon of their arguments. Leon finally stirred the merger in June, even without conditions, after which the companies then completed it quickly.
For US President Trump, it was also a personal defeat – he is at war with the lighthouse of the CNN Times News and has repeatedly publicly opposed the merger with AT & T.
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