Department Of Justice To Sue To Block AT&T, Time Warner Merger

US sues to block $85bn AT&T-Time Warner merger

The Justice Department is suing AT&T to block the telecommunications giant from buying Time Warner, the media conglomerate with such television networks as CNN, TBS and HBO.

The lawsuit is the first major challenge to a merger by the administration of U.S. President Donald Trump, who has repeatedly criticized Time Warner's CNN news unit and announced his opposition to the deal previous year, saying it would concentrate too much power in AT&T's hands.

"This merger would significantly hurt American purchasers", Mr. Delrahim, the associate lawyer general for antitrust, said in an announcement.

The lawsuit would be the first time in decades the DOJ has sued to block a so-called "vertical deal" between two companies that aren't direct competitors.

Some news reports have said DOJ would only allow the merger if AT&T disposed of either DirecTV or Turner Broadcasting, including CNN. In 2011, for example, the office affirmed a comparative arrangement - Comcast's obtaining of NBCUniversal - in the wake of forcing various conditions on the exchange.

Uber and Volvo strike deal for 24000 self-drive cars
Volvo added that engineers from both companies developed the XC90 premium SUVs that are supplied to Uber. Many other brands of autonomous vehicles are planning o land their driverless cars on road.

The move may be a pointer that the Trump administration will look closely at other big merger deals.

"Were this merger allowed to proceed, the newly combined firm likely would - just as AT&T/DirecTV has already predicted - use its control of Time Warner's popular programming as a weapon to harm competition", states the DOJ complaint filed in the case. The officials said they flatly rejected the offer.

"Blocking this merger is the right thing to do - and we hope the Justice Department is doing it for the right reasons", said Craig Aaron, president of advocacy group Free Press, which opposes media industry consolidation.

AT&T CEO Randall Stephenson said the idea his company would be too powerful after the deal "borders on the comical".

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