Appeals court to hear U.S. Justice Department objection to AT&T deal on December 6

Image
Reuters WASHINGTON
Last Updated : Oct 18 2018 | 1:50 AM IST

WASHINGTON (Reuters) - A U.S. appeals court will hear oral arguments on Dec. 6 in the Justice Department's fight against AT&T Inc's $85.4 billion purchase of Time Warner, the court said on Wednesday.

The merger, which was announced in October 2016, closed on June 14 after a U.S. district court ruled the deal was legal under antitrust law. The Justice Department has asked a federal appeals court to reverse that approval.

The core of the Justice Department's concern is that AT&T, which owns DirecTV, would use its ownership of Time Warner's content to make pay TV rivals pay more, thus raising their costs and forcing them to charge consumers more. The merged company includes CNN, a cable news station that is a frequent target of President Donald Trump's ire.

AT&T has said it would manage Time Warner's Turner cable television networks as part of a separate business unit until February 2019 or the conclusion of the government's appeal.

(Reporting by Diane Bartz; Editing by Peter Cooney)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 18 2018 | 1:41 AM IST

Next Story