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Trial kicks off in US challenge to AT&T's $85-bn acquisition of Time Warner

The government is arguing a deal would hike a subscriber's monthly cable bill by 45 cents and raise prices for rival cable and online video distributors

Reuters  |  Washington 

A trial that could shape the future of US media ownership kicks off in Washington this week as the Department of Justice seeks to block AT&T Inc's $85 billion acquisition of Time Warner Inc. The Justice Department filed a lawsuit in November to stop the US No 2 wireless carrier, which owns DirecTV and other services with 25 million subscribers, from buying movie and TV show maker Time Warner, which owns HBO and CNN. The government is arguing a deal would hike a subscriber's monthly cable bill by 45 cents and raise prices for rival cable and online video ...

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First Published: Mon, March 19 2018. 22:31 IST
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