Justice Department appeals approval of AT&T / Time Warner merger

14 Juillet, 2018, 11:17 | Auteur: Auguste Feret
  • Justice Department Appeals AT&T-Time Warner Merger Decision

The Justice Department filed a notice of appeal of a federal judge's decision last month that paved the way for AT&T to acquire Time Warner. It launched a new low-cost streaming service.

Using unusually strong language, Leon discouraged the Justice Department from asking him to put the ruling on hold while it considers an appeal.

A Justice Department win at the appeals level would undo a stinging rebuke for the government and vindicate the decision by the head of the antitrust division, Makan Delrahim, to challenge the Time Warner takeover.

During the trial, the DOJ argued the vertical merger, a merger between two companies in the same industry but at different stages of the business, would reduce competition and hurt consumers by allowing the company to have greater control in negotiations with programmers. That type of combination is called a vertical merger. Everyone has the right to appeal. Still, the Justice Department apparently believes it has an adequate legal basis to show an error in Leon's ruling, Schaeffer said. Were he to grant a stay during the appeals process, the merger would not have been completed before the June 21 "break-up date" for the deal.

The appeal could be seen as a warning sign for companies that have pursued their own mergers in the wake of Leon's decision, Kimmelman added.

Leon also wrote that if the DOJ appealed and won, the Circuit Court would have no qualms about unwinding the merger. The resulting AT&T-Time Warner megacompany retained ownership of Warner Bros., HBO and Turner. AT&T is a phone, cable and satellite behemoth that became the biggest pay-TV provider in the US with its acquisition of DirecTV in 2014. It claims about 25 million of the 90 million or so US households that are pay-TV customers. It renamed the New York-based media company WarnerMedia.

Vaping Air China co-pilot causes plane to plunge 25,000 feet
Air China, headquartered in Beijing and a member of the Star Alliance global network, has a fleet of more than 600 planes.

Celebrity Hacker Charged in LA - Could Face Over 9 Years in Jail
A woman has been charged with 11 felonies for hacking into Selena Gomez's email, stealing photos and posting them online. A New Jersey college student could spend almost a decade behind bars for allegedly hacking Selena Gomez's email.

Smoking ban in public housing takes effect at end of July
The smoke-free ban also extend to all outdoor areas up to 25 feet from the public housing and administrative office buildings. The ban does not apply to e-cigarettes, snuff and chewing tobacco, although there may be restrictions on those in some areas.

Mr Trump has publicly feuded with Time Warner's CNN, calling it "failing" and a purveyor of "fake news".

It has committed to certain conditions under which it will run Time Warner's Turner Broadcasting, which includes CNN.

Federal lawyers contended that a combined AT&T and Time Warner would be too large and powerful.

Soon after the deal closed, AT&T announced a price increase for DirecTV Now, the company's online streaming video service. That apparently wasn't enough, however, to satisfy the Justice Department.

The Trump administration has opposed the deal from the start. Waiting in the wings are potential big-billions deals involving Verizon and CBS and T-Mobile and Sprint.

Conseillé:



Populaire

Antoine Griezmann responds to Thibaut Courtois jibe
The Atletico Madrid forward also mocked the style of football played by the Belgian football at Chelsea . France confirmed their place in the 2018 World Cup final with a narrow 1-0 win over Belgium on Tuesday.

When MS Dhoni lost his ‘cool’ with Kuldeep Yadav
However, a confused Kuldeep said that he was okay with the field. "And I said, "No Mahi bhai, that's okay", the bowler said. Both Yadav and Dhoni will be seen in the upcoming three-match ODI series against England, which starts tomorrow evening.

Barcelona offer star player to Chelsea in exchange for Kante
Following the departures of Andres Iniesta and Paulinho, Barcelona are desperate to snatch N'Golo Kante from Chelsea . Chelsea are braced for transfer approaches for Kante this summer after the midfielder's star showing at the World Cup.

Pourquoi Élodie a-t-elle abandonné la course — Pékin Express
Comme chaque saison, l'une des équipes était composée de deux candidats ne se connaissant pas, il s'agit de Gaëlle et Elodie . Ce matin, Elodie a été contactée par sa famille pour être informée d'un événement grave survenu en France.

Rep. Issa: 'We Know Peter Strzok Is a Bad Guy'
Strzok said "based on that terrible , disgusting behavior", he assumed Trump would not win the election. It was the existence of your bias that got you kicked off", Gowdy said .

Mercato - Real Madrid : Gareth Bale rend hommage à Cristiano Ronaldo !
La famille Agnelli, propriétaire du club le plus titré d'Italie, ne pensait sans doute pas à ces répercussions. Aucun montant n'a été évoqué mais les négociations seraient déjà avancées , ajoute le quotidien local.

Lakers, Spurs could make run for renounced David Nwaba
The Chicago Bulls recently renounced the rights to shooting guard David Nwaba , making him an unrestricted free agent. Yahoo's Shama Charania reported that the Bulls rescinded their qualifying offer to him.

We're not heroes, says British diver who led Thai cave rescue
Sadly just hours after making his way out of the cave, Harris received the heartbreaking news that his father had died.

Le violent message subliminal de Johnny Depp à Amber Heard
Mais quelques mois après leur séparation amère l'année d'après, il l'a changé en " SCUM " ("pourriture"). Décidément, Johnny Depp semble avoir du mal à tourner la page Amber Heard et à faire passer sa rancune.

China chemical plant blast kills 19, injures 12
The fire, which broke out early on Thursday evening, was put out by 11:30 p.m. (1530 GMT), the government said in its statement. An explosion at a chemical plant in south-west China left 19 dead and another 12 injured, authorities said Friday.