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U.S. demands CNN or DirecTV sale to approve AT&T/Time Warner deal - sources


By Jessica Toonkel and David ShepardsonNEW YORK/WASHINGTON (Reuters) - U.S. antitrust regulators want AT&T Inc to sell either the parent company of CNN or its DirecTV satellite television unit before they will allow the wireless carrier to buy media company Time Warner Inc , sources told Reuters on Wednesday.The unexpected move by the U.S. Department of Justice casts fresh doubt on the $85.4 billion deal that was announced in October 2016. Shares of Time Warner closed down 6.5 percent at $88.54.A Justice Department source told Reuters that AT&T had offered to divest just CNN, rather than the ...

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First Published: Thu, November 09 2017. 03:13 IST