On November 20, the Department of Justice (DOJ) filed a lawsuit under section 7 of the Clayton Act to enjoin the merger between AT&T and Time Warner. According to the government, the deal—which has been in the works since October of last year—is worth $108 billion and would have a deleterious effect on consumer prices…
Tag: Time Warner
The Trump Administration’s Stance on Antitrust Laws.
With Makan Delrahim’s recent confirmation by the Senate to head the Department of Justice’s (“DOJ”) Antitrust division, the focus has now shifted to the Trump administration’s approach to corporate transaction deals and the potential appurtenant policy changes.1 Under the Obama administration, the Antitrust division continued recent trends exemplified by an increasing inclination to challenge proposed…
Time Warner and AT&T: Lengthy Regulatory Review Process Ahead?
AT&T Inc. has proposed an $85.4 billion acquisition of Time Warner Inc. to create a media and communications powerhouse.1 AT&T hopes to capitalize on combining Time Warner’s library of premium entertainment content with its expansive distribution network.2 However, the acquisition has drawn significant scrutiny and faces a stringent regulatory approval process. The Wall Street…