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U.S. Justice Dept to appeal approval of AT&T acquisition of Time Warner

Reuters  |  WASHINGTON 

By David ShepardsonWASHINGTON (Reuters) - The U.S. Justice Department said on Thursday it would appeal a federal judge's approval of AT&T Inc's $85.4 billion acquisition of Time Warner, raising the prospect barely a month after the deal closed that it could be undone.AT&T was sued by the Justice Department on antitrust grounds, saying that the deal would harm consumers, but U.S. District Judge Richard Leon last month approved the deal, allowing it to move forward following a lengthy trial. The merger, first announced in October 2016, was also opposed by President Donald Trump. Leon ruled ...

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First Published: Fri, July 13 2018. 06:47 IST
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