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U.S. pushes for possible asset sales in AT&T/Time Warner deal


By Jessica Toonkel and David ShepardsonNEW YORK/WASHINGTON (Reuters) - The U.S. Department of Justice is pushing AT&T Inc to sell assets or come up with other ways of satisfying antitrust concerns over its purchase of Time Warner Inc, a new and potentially costly obstacle to the U.S. No. 2 wireless carrier's effort to buy the large entertainment company. The development came as a surprise to investors. Shares of Time Warner fell 3 percent to $91.75, while AT&T shares were down 0.5 percent at $32.90.The Justice Department's demand is likely to complicate its continuing antitrust conversations ...

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First Published: Wed, November 08 2017. 23:08 IST