The Justice Department has filed a lawsuit to block AT&T's takeover of Time Warner, the parent company of CNN.
The lawsuit, filed in federal court in Washington, DC, on Monday, is an unusual challenge to the $85 billion deal, which was announced by the two companies more than a year ago. AT&T says it will fight the case in court.
In the suit, the DOJ argues that the deal violates antitrust law because AT&T would likely "use its control of Time Warner's popular programming as a weapon to harm competition."
----------------------------------------------
Get complete coverage of breaking news on CNN TV, CNN.com and CNN Mobile.
Watch CNN live or On Demand from your computer or mobile device using CNNgo.
----------------------------------------------
You have opted-in to receive this e-mail from CNN.com.
To unsubscribe from Breaking News e-mail alerts, go to: http://cnn.com/EMAIL/breakingnews/unsubscribe.html?l=domestic-adh-bn
One CNN Center Atlanta, GA 30303
(c) & (r) 2017 Cable News Network
No comments:
Post a Comment