Justice Department Could Launch Challenge of AT&T-Time Warner Merger Amid Renewed Interest in Trust Busting
Federal regulators are considering taking action to stop the acquisition of Time Warner by AT&T. The Justice Department and AT&T aren’t close to an agreement on conditions for the merger, according to a report Thursday morning in The Wall Street Journal. Antitrust Division lawyers are subsequently weighing a lawsuit to block the deal. The telecoms giant wants to purchase Time Warner as a content source for its mobile phone customers. Time Warner–owner of CNN, HBO, and TBS–wants to maximize viewership, as Bloomberg noted. Announced in…