The Justice Department is going to appeal the AT&T-Time Warner merger

AT&T Time Warner

The AT&T deal sees the telco taking ownership of Time Warner's principal divisions: premium cablenet HBO, channel operator Turner and studio Warner Bros, which includes film and television divisions. "We are ready to defend the (lower court ruling) at the DC Circuit Court of Appeals".

AT&T's $85 billion purchase of Time Warner is once again facing a regulatory battle with the US Department of Justice.

Federal lawyers contended that the combined company would be too large and powerful, allowing it to run roughshod over other players in the entertainment and media world and to hike prices on consumers.

In his decision, Leon rejected the government's argument that acquiring Time Warner will give AT&T the power to raise prices that cable and satellite-TV companies pay for Time Warner content such as CNN, which in turn will lead to higher bills for consumers.

AT&T General Counsel David McAtee said Thursday however that U.S. District Judge Richard Leon's ruling "could hardly". The company said in court papers filed last month that it will maintain that structure until the earlier of February 28 of next year or the conclusion of the government's appeal.

The Department of Justice on Thursday is appealing (via Bloomberg) the case on the grounds of antitrust.

More news: Justin Bieber Got Engaged To Hailey Baldwin In Bahamas

The merger, first announced in October 2016, was opposed by President Donald Trump.

AT&T is a phone, cable and satellite behemoth that became the biggest pay-TV provider in the USA with its acquisition of DirecTV in 2014.

AT&T argued, during the trial, that it needed to grow to survive in the era of Google, Amazon and Netflix.

Tile combination of pictures created on October 21, 2016 shows an AT&T cellphone store in Springfield, Va., and the Time Warner logo on the front of the company's headquarters building in NY.

That apparently wasn't enough, however, to satisfy the Justice Department. It will also set a precedent for companies planning to make similar deals, such as Fox and Disney.

Waiting in the wings are potential big-billions deals involving Verizon and CBS and T-Mobile and Sprint.

Related News:

Most liked

Twitter purge: Don't be surprised if you lose followers
Former Uttar Pradesh chief minister Akhilesh Yadav saw a drop of over 2,200 in his number of followers on the microblogging site. President Uhuru Kenyatta retired to bed on Thursday night with more followers on Twitter than he woke up to on Friday .

People should recognise that I'm one of the world's best'
Even before the World Cup kicked off, the Liverpool defender seemed to think if any Croatian squad can, it's this one. I remember my mum was screaming and she was crying after the France game.

Missing woman found on beach near Big Sur
On the morning of July 6 she texted her sister saying she was hitting the road before she suddenly went off the grid. July 6 because it was captured on a business security camera, the San Mateo Sheriff's Office said on Twitter.

Pacquiao rolls back years in KO win
A left upper-cut from range dropped the Argentinian in the third, but Pacquiao couldn't find the finish. Pacquiao's expected cornermen are Boboy Fernandez and his conditioning trainer Justin Fortune.

Rep. Himes: Trump Should Tell Putin 'We Know What You Did'
Police estimate the number of people gathering outside the Scottish Parliament in Edinburgh for the start of the demonstration at up to 3,000.

Israel shoots down Syrian drone, top brass says
That incident came as Prime Minister Benjamin Netanyahu visited Moscow for talks with Vladimir Putin about Syria and Iran. Israel has launched a campaign against, what it claims, to be Iranian targets in Syria in recent months.

Brussels homecoming for Belgium's World Cup stars
And we've proved that is possible. "We want to finish on a high, and these players deserve to finish on a high". There's a long way for us to go. "[France] President Emmanuel Macron came down to see us".

Breaking UK finally clears Rupert Murdoch's Fox to bid for Sky
However, Comcast's new offer, more than 5% over Murdoch's latest deal, has won the recommendation of Sky's independent committee. Wright said Thursday that it's "now a matter for the Sky shareholders to decide whether to accept 21st Century Fox's bid".

Apple and Blackmagic Teamed Up on an External GPU for MacBook Pros
Both the 13- and 15-inch MacBook Pro with Touch Bar get the Apple T2 chip, first introduced in the iMac Pro . The starting price for the 13-inch MacBook Pro with Touch Bar is $ 1799 (R24 ,000), the same as before.

Trump Criticizes NATO Members Ahead Of Key Summit
President Donald Trump is meeting with NATO Secretary General Jens Stoltenberg at the start of a summit of the military alliance. Once again Donald Trump is expected to raise the question of member states' financial contributions.

Rescue mission day two : four more boys evacuated
Thai authorities revealed that the first phase was executed "smoothly" and the boys who had been evacuated were in "good health". Monday's rescue effort took about nine hours, two fewer than the day before, in a sign of growing confidence and expertise.

Chelsea ace Hazard warned he's only backup in Real Madrid transfer plans
In a letter posted on the Real Madrid official website, Ronaldo wrote that "the time has come to begin a new stage in my life". At the last count, most fans were eagerly checking their twitter feeds for updates on Ronaldo's intending move.

Eight boys rescued from flooded Thai caves, now up to 'rain god'
Reuters news agency reported that six boys have been rescued, citing a senior member of the medical team involved in the rescue. The ambulance drove toward a helipad, where a helicopter was seen taking off shortly after to the cheers of the crowd below.

Trump Slams NYT For Critical Article On US Stance on Breastfeeding
Ecuador backed down , and at least a dozen countries avoided the resolution out of fear of retaliation by the United States . Trump hit out at the Times article, while saying the United States was committed to ensuring women are not "denied" formula.

Modric Would Deserve Golden Ball, Says Croatia Teammate Mandzukic
England are Croatia's semi-final opponents in Moscow on Wednesday evening and Dalic has warned that his team should not be underestimated.