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U.S. appeals court to hear arguments to stop AT&T purchase of Time-Warner

Reuters  |  WASHINGTON 

By Diane BartzWASHINGTON (Reuters) - The U.S. Justice Department goes before an appeals court on Thursday to urge a three-judge panel to overturn a lower court ruling and order wireless carrier AT&T Inc to undo its $85.4 billion purchase of entertainment company Time Warner, one of the largest media mergers ever.The deal was seen as a turning point for an industry upended by companies like Netflix Inc and Alphabet Inc's Google, which go directly to consumers online rather than via pay TV providers like AT&T's DirecTV. The deal was significant for two other reasons. First, President Donald ...

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First Published: Thu, December 06 2018. 16:35 IST
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