Thursday, 12 July 2018

US government appeals $80bn AT&T-Time Warner deal

The US government has decided to appeal a landmark court ruling that cleared the way for telecoms giant AT&T to buy Time Warner in an $80bn (£60bn) deal.

The ruling was a significant defeat for the US Justice Department, which had argued the deal would lead to less competition and higher consumer prices.

A US district court judge rejected those arguments last month, allowing the takeover to go through without conditions.

AT&T completed the deal shortly after.

BBC      News.

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