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AT&T shares skid as Justice Dept says to appeal Time Warner case

Reuters 

(Reuters) - Shares of AT&T Inc fell 1.8 percent in trading before the bell on Friday after the U.S. Justice Department said it would appeal a federal judge's approval of the telecommunication network's acquisition of Time Warner.The $85.4 billion deal, first announced in October 2016, was opposed by President Donald Trump. AT&T was sued by the Justice Department on antitrust grounds, but won approval from a U.S. district court following a lengthy trial. Judge Richard Leon's ruling concluded that the government had failed to show competitive harm from the deal and urged the Justice Department ...

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First Published: Fri, July 13 2018. 17:55 IST
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