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AT&T CEO confident Time Warner deal on solid ground

Reuters 

By Vibhuti Sharma and Sonam Rai(Reuters) - The U.S. Justice Department has only a remote chance of overturning AT&T Inc's takeover of Time Warner, Chief Executive Randall Stephenson said on Friday, adding that the move could affect the bidding war for Twenty-First Century Fox Inc .Shares of AT&T fell 1.7 percent to close at $31.67 on Friday after U.S. officials signalled they would appeal a federal judge's approval last month of the $85.4 billion deal.Speaking on CNBC, Stephenson said the original court decision was well reasoned."At the end of the day the law was on our side," he said. "We ...

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First Published: Sat, July 14 2018. 03:30 IST
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