You are here: Home » Reuters » News
Business Standard

U.S. worried AT&T and Time Warner would hike costs for media rivals

Reuters  |  WASHINGTON 

By David ShepardsonWASHINGTON (Reuters) - U.S. antitrust regulators believe that AT&T Inc's proposed acquisition of Time Warner Inc would raise costs for rival entertainment distributors and stifle innovation, a Department of Justice official told Reuters on Thursday.Allaying those concerns is the rationale for the Justice Department's demand that AT&T sell assets in order for the deal to be approved, said the official, speaking on condition of anonymity. The Justice Department wants AT&T to sell its DirecTV unit or sell Time Warner's Turner Broadcasting unit, which includes news company ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, November 10 2017. 00:10 IST
RECOMMENDED FOR YOU