Business

US files antitrust suit to block AT&T, Time Warner merger

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The U.S. Department of Justice sued AT&T Inc on Monday to block its $85.4 billion acquisition of Time Warner Inc , saying the deal could raise prices for rivals and pay-TV subscribers while hampering the development of online video.

Source: Reuters

The United States Department of Justice has filed an antitrust lawsuit to prevent AT&T and Time Warner from completing an $85 billion merger.

Source: Deutsche Welle

Some fear the move may be politically motivated.

Source: Deutsche Welle

All Sources: Reuters Deutsche Welle

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