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Justice Dept. to appeal AT&T-Time Warner, weeks after merger closed

“The Justice Department on Thursday filed an appeal challenging its loss in the AT&T-Time Warner antitrust trial, according to court documents, a potential warning for the deals that are expected in the wake of the $85 billion acquisition” writes Brian Fung for washingtonpost.com. Some analysts said it could reflect negatively on judge Richard Leon’s analysis of the case and possibly benefit the Justice Department.The last time the Justice Department challenged a completed deal was in 2017, when the agency sued to undo a merger in the aviation fuel filtration industry.AT&T completed its acquisition of Time Warner a few weeks ago after a federal judge rejected the Justice Department’s argument that the deal would be anti-competitive.
 
Source: washingtonpost.com



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