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AT&T's $85-bn bid for Time Warner hangs in limbo

This is the most significant business deal before the Trump administration

CECILIA KANG & MICHAEL J de la MERCED  |  Washington 

At the Department of Justice, staff members in the antitrust office have been doggedly investigating AT&T’s blockbuster $85.4 billion bid for Time Warner. They have deposed the executives of both companies; questioned several media, telecommunications and technology rivals; and demanded thousands of pages of confidential documents from scores of businesses to discern if the deal would violate competition laws — and thus if it should go ahead at all. But eight months into the review, the small army of career antitrust officials is marching toward a great unknown. For ...

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First Published: Tue, July 11 2017. 01:06 IST